About altM
altM is a company based in Bengaluru (India) founded in 2022 by Yugal Raj Jain and Apoorv Garg. altM has raised $3.5 million across 1 funding round from investors including Apex Group, Omnivore and Theia Ventures. The company has 19 employees as of July 31, 2025. altM operates in a competitive market with competitors including Checkerspot, Fermbox, Bcomp, Industrial Microbes and Bloom Biorenewables, among others.
- Headquarter Bengaluru, India
- Employees 19 as on 31 Jul, 2025
- Founders Yugal Raj Jain, Apoorv Garg
- Stage Minicorn
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Sectors
Chemicals & Materials
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Email
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Phone
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Website
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Social
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- Legal Name Alt Material Innovations Private Limited
- Date of Incorporation 20 Apr, 2023
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$104.26 K (USD)0as on Mar 31, 2024
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Net Profit
-$256.48 K (USD)0as on Mar 31, 2024
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EBITDA
-$251.62 K (USD)0as on Mar 31, 2024
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Total Equity Funding
$3.5 M (USD)
in 1 rounds
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Latest Funding Round
$3.5 M (USD), Seed
Aug 31, 2023
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Investors
Apex Group
& 32 more
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Employee Count
19
as on Jul 31, 2025
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Funding Insights of altM
altM has successfully raised a total of $3.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $3.5 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in altM
altM has secured backing from 33 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Apex Group, Omnivore and Theia Ventures.
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Agritech startups are funded by Omnivore, a venture capital entity.
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Theia Ventures is focused on investing in decarbonization technology companies.
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The firm is focused on agriculture and food sectors.
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Investor details for altM
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Investments & Acquisitions by altM
Investment portfolio details for altM
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Financial Statements - altM
Detailed financials for altM
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Altm Comparisons
Peer comparison for altM
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Competitors of altM
altM operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Checkerspot, Fermbox, Bcomp, Industrial Microbes and Bloom Biorenewables, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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High-performance materials are developed using synthetic biology for diverse applications.
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Alternative animal products are developed via microbial precision fermentation.
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Sustainable biomaterials for lightweighting in automotive and aerospace are provided.
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Developer of fermentation technology to convert methane and carbon dioxide into useful chemicals
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Sustainable biopolymers are developed from biomass for industrial uses.
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Detailed competitors of altM
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Latest news on Altm
Complete news archive for altM
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Frequently Asked Questions about altM
altM was founded in 2022 and raised its 1st funding round 1 year after it was founded.
altM is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Apoorv Garg is the current CEO of altM. They have also founded this company.
altM is a funded company, having raised a total of $3.5M across 1 funding round to date.
As of Jul 31, 2025, the latest employee count at altM is 19.
Annual revenue of altM is $104.26K as on Mar 31, 2024.
Engineering agri-waste into purpose. It is an an alternate materials company offering research, development and manufacturing of bio-chemicals and biomaterials to help industry manage carbon footprint across their value chain. It helps to deconstruct bio-residues to create substitutes for the incumbent unsustainable materials across our partner industries in CPGFMCG, pharma, textiles, industrial chemicals, and energy.
altM's top competitors include Checkerspot, Bloom Biorenewables and Industrial Microbes.
altM has 33 investors. Key investors include Apex Group, Omnivore, Theia Ventures, Thai Wah Ventures, and Paula Mariwala.
The valuation of altM is $14.47M as of Aug 2023.