About AltMat
AltMat is a company based in Ahmedabad (India) founded in 2019 by Shikha Shah. AltMat offers products and services including Yarns, Fibres, and Fabric. AltMat operates in a competitive market with competitors including Canvaloop, Asia Pacific Rayon, Circular Systems, OceanSafe and Looptworks, among others.
- Headquarter Ahmedabad, India
- Founders Shikha Shah
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Sectors
RetailEnvironment 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 Altmat Private Limited
- Date of Incorporation 19 Dec, 2019
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$25.49 K (USD)69.88as on Mar 31, 2022
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Net Profit
$592.72 (USD)121.81as on Mar 31, 2022
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EBITDA
$1.9 K (USD)-17.17as on Mar 31, 2022
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Latest Funding Round
Not available
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Investors
H&M Group
& 3 more
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Employee Count
Not available
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Products & Services of AltMat
AltMat offers a comprehensive portfolio of products and services, including Yarns, Fibres, and Fabric.
Blended yarns from natural fibers for sustainable textiles.
Natural fibers from agricultural waste for various applications.
Blended fabrics for sustainability and performance in textiles.
Funding Insights of AltMat
Investors in AltMat
AltMat has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include H&M Group, Fashion For Good and Rainmatter.
| Investor | Description | Founded Year | Domain | Location |
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Indian fund focused on fintech, health, and climate initiatives.
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Venture capital financing and ecosystem support for early-stage startups globally.
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Brand of casual wear for men and women
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Investor details for AltMat
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Investor locations
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Investments & Acquisitions by AltMat
Investment portfolio details for AltMat
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Financial Statements - AltMat
Detailed financials for AltMat
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Altmat Comparisons
Peer comparison for AltMat
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- Headcount comparison
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Competitors of AltMat
AltMat 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 Canvaloop, Asia Pacific Rayon, Circular Systems, OceanSafe and Looptworks, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online platform offering sustainable fabrics and materials from agricultural waste
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Biodegradable viscose-rayon is developed from renewable wood cellulose.
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Developer of circular and regenerative textile technologies
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Technology for circular, biodegradable, and toxicant-free textiles is provided.
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Handcrafted products from recycled materials are sold online.
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Waste and regenerative plants are converted into sustainable textiles.
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Detailed competitors of AltMat
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Latest news on Altmat
Complete news archive for AltMat
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Frequently Asked Questions about AltMat
AltMat was founded in 2019 and raised its 1st funding round 6 years after it was founded.
AltMat is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Shikha Shah is the current CEO of AltMat. They have also founded this company.
Annual revenue of AltMat is $25.49K as on Mar 31, 2022.
AltMat was established in 2019 in Ahmedabad, India, within the sustainable materials sector. Agro-waste from sources like hemp, banana, and nettle is processed into textile fibers and yarns. Additional fibers are produced for applications in paper, insulation, and non-wovens. Operations emphasize resource-efficient conversion methods to support eco-friendly textile production.
AltMat's top competitors include Asia Pacific Rayon, Canvaloop and oceansix.
AltMat offers Yarns, Fibres, and Fabric.
AltMat has 4 investors. Key investors include H&M Group, Fashion For Good, Rainmatter, and Turbostart.