BacAlt Biosciences raises Rs 18 crore in round led by Avaana Capital

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Biotech startup BacAlt Biosciences has raised Rs 18 crore in a funding round led by early-stage investment firm Avaana Capital.

The round also saw participation from Lubrizol InnoVentures, the innovation arm of global speciality chemicals provider Lubrizol.

The startup will use the funds to scale R&D processes, build pilot production facilities, expand its team, and develop go-to-market strategies for geographic expansion.

“Just getting rid of packaging or making your packaging recyclable or biodegradable is not good enough. We have to think about…



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BacAlt Biosciences raises Rs 18 crore in round led by Avaana Capital



Biotech startup BacAlt Biosciences has raised Rs 18 crore in a funding round led by early-stage investment firm Avaana Capital.

The round also saw participation from Lubrizol InnoVentures, the innovation arm of global speciality chemicals provider Lubrizol.

The startup will use the funds to scale R&D processes, build pilot production facilities, expand its team, and develop go-to-market strategies for geographic expansion.

“Just getting rid of packaging or making your packaging recyclable or biodegradable is not good enough. We have to think about…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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