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BacAlt Biosciences raises $2 Mn in pre-seed round led by Avaana Capital

EntrackrEntrackr · 19d ago
BacAlt Biosciences raises $2 Mn in pre-seed round led by Avaana Capital
Medial

BacAlt Biosciences raises $2 Mn in pre-seed round led by Avaana Capital Bio-tech startup BacAlt Biosciences has raised $2 million (about Rs 18 crore) in a pre-seed funding round led by Avaana Capital along with participation from Lubrizol InnoVentures. The company is currently valued at $8 million. The proceeds will be used to scale its R&D processes, build pilot production facilities, strengthen hiring and develop go-to-market strategies for geographic expansion, BacAlt Biosciences said in a press release. Co-founded in 2023 by Shruti Kutmutia and Pranav Nair, BacAlt develops bio-based polymers and specialty ingredients using lean, energy-efficient, and high-throughput fermentation that improves product performance in diverse applications while preventing microplastic pollution. The Bengaluru-based startup leverages waste valorisation, circular feedstocks, and non-sterile fermentation. “BacAlt’s vision is to power India’s emergence as a global hub for circular, bio-based specialty ingredients,” said Shruti Kutmutia, Co-Founder of BacAlt. “The demand for high-performance, cost-competitive ingredients is real, and we are building for scale, taking India from an import-dependent market to an export-ready bio-manufacturing hub.” By combining developments in microbiology, industrial biomanufacturing and scalable fermentation, BacAlt Biosciences aims to create reliable, high-performance alternatives to petrochemical-based ingredients shaping the future of formulations worldwide.

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Centricity, Trisu, GameEon and Dharaksha raise early-stage funding

VCCircleVCCircle · 1y ago
Centricity, Trisu, GameEon and Dharaksha raise early-stage funding
Medial

Wealthtech management company Centricity raised $20 million in a seed funding round led by Lightspeed, bringing its valuation to $125 million. The funding will be used to expand operations and double the tech development team. Biotech-driven R&D startup Dharaksha Ecosolutions secured $3 million in a seed funding round led by Avaana Capital to expand production capabilities and strengthen its presence in the sustainable packaging industry. Mumbai-based game development studio GameEon Studios raised $1 million to develop new games for PC and consoles. Vermeil jewelry brand Trisu raised an undisclosed amount in its pre-seed funding round to enhance customer acquisition and drive product innovation.

Jobizo raises $1.4 Mn led by Alkemi Growth Capital

EntrackrEntrackr · 7m ago
Jobizo raises $1.4 Mn led by Alkemi Growth Capital
Medial

Jobizo raises $1.4 Mn led by Alkemi Growth Capital Healthcare HRtech firm Jobizo has raised $1.4 million in its pre-series funding round led by Alkemi Growth Capital. This investment follows the $500,000 seed funding round led by AROA Ventures in 2022. The proceeds will be used to create 100,000 healthcare jobs in India and 3,000 jobs abroad within the next 18 months and aims to complete 10 million job hours over time. Co-founded by Naveen Trehan and Avishek Agarwal, Jobizo is an AI-powered platform that connects employers with skilled professionals. The platform has contributed to over 10 million additional patient care hours in India. By using its expanding investor network and market expertise, Jobizo aims to create a welcoming environment for the workforce and tackle skill gap issues. Post seed round, Jobizo's growth claims to have grown over 500%, facilitated over 20,000 jobs in India and international countries, and helped fill over 10 million job hours.

DesignX raises $2 Mn in pre-Series A round led by Rockstud Capital

EntrackrEntrackr · 2m ago
DesignX raises $2 Mn in pre-Series A round led by Rockstud Capital
Medial

DesignX raises $2 Mn in pre-Series A round led by Rockstud Capital Noida-based DesignX has raised $2 million in a Pre-Series A funding round led by Rockstud Capital, with participation from We Founder Circle, Piper Serica, and existing clients. The proceeds will be used to expand across India and international markets, and to enhance the platform's AI and integration capabilities. Founded in 2015 by engineers Rajat and Nishant Srivastava, the firm offers a digital factory operating system (Df-OS) that digitizes over 600 factory floor processes and integrates with existing ERP, IoT, and enterprise tools to provide real-time operational insights. DesignX currently serves clients including Unilever, Suzuki, Dabur, Hero, and others across sectors like automotive, FMCG, and pharma. It competes with players such as Precog, Infinite Uptime, and Lynkit in the Industry 4.0 and smart manufacturing space.

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