BacAlt Biosciences raises Rs 18 crore in round led by 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…