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‘We can handle any kind of lignocellulosic biomass…’ altM scales up thermochemical process to valorize ag waste
Each year, millions of tons of crop residue are burned across India, but startups like altM are rethinking this waste as a scalable raw material for high-value chemicals and materials.
Agribusiness markets & eGrocery still lead India’s agrifoodtech VC funding, but Bioenergy & Biomaterials on the rise
Funding has slowed sharply across India’s agrifoodtech sector, but changing investor priorities are beginning to open up new opportunities beyond consumer-facing models. We speak to altM to understand where this shift is headed.
Bengaluru-based biomaterials startup altM secures $3.5 million in seed funding from Omnivore fund
altM is Omnivore’s first investment from its third fund. The Bengaluru-based firm plans to use these funds to add an engineering- and manufacturing-driven lens to circularity and sustainability.
Biomaterials startup altM raises $3.5 million in funding led by Omnivore
altM is Omnivore’s first investment from its third fund, which in June had its first close at $150 million. It is also the firm’s fourth investment under its OmniX Bio initiative, which was setup in 2021 to back early-stage agrifood life science startups.
