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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $3.5M
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First Round
First Round
(31 Aug 2023)
- Investors Count 33
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Seed - altM | Valuation | Omnivore |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Agritech startups are funded by Omnivore, a venture capital entity.
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Founded Year | Domain | Location | |
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Theia Ventures is focused on investing in decarbonization technology companies.
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Founded Year | Domain | Location | |
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The firm is focused on agriculture and food sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by altM
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - altM
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Altm Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-performance materials are developed using synthetic biology for diverse applications.
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| domain | founded_year | HQ Location |
Alternative animal products are developed via microbial precision fermentation.
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| domain | founded_year | HQ Location |
Sustainable biomaterials for lightweighting in automotive and aerospace are provided.
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| domain | founded_year | HQ Location |
Developer of fermentation technology to convert methane and carbon dioxide into useful chemicals
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| domain | founded_year | HQ Location |
Sustainable biopolymers are developed from biomass for industrial uses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Altm
Frequently Asked Questions about altM
When was altM founded?
altM was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is altM located?
altM is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of altM?
Apoorv Garg is the current CEO of altM. They have also founded this company.
Is altM a funded company?
altM is a funded company, having raised a total of $3.5M across 1 funding round to date. The company's 1st funding round was a Seed of $3.5M, raised on Aug 31, 2023.
How many employees does altM have?
As of Jul 31, 2025, the latest employee count at altM is 19.
What is the annual revenue of altM?
Annual revenue of altM is $104.26K as on Mar 31, 2024.
What does altM do?
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.
Who are the top competitors of altM?
altM's top competitors include Checkerspot, Bloom Biorenewables and Industrial Microbes.
Who are altM's investors?
altM has 33 investors. Key investors include Apex Group, Omnivore, Theia Ventures, Thai Wah Ventures, and Paula Mariwala.
What is altM's valuation?
The valuation of altM is $14.47M as of Aug 2023.
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