BusinessPhoto: Business StandardaltM Raises $10.3M to Convert Agricultural Residue into Chemicals
Bengaluru-based specialty chemicals company altM has secured $10.3 million in a Series A funding round led by Rainmatter by Zerodha and Mela Ventures, alongside existing investors. Founded in 2022 by former Tesla leaders Apoorv Garg and Yugal Raj Jain, altM develops a platform converting agricultural residues like sugarcane bagasse and rice straw into high-performance industrial chemicals. Funds will expand manufacturing, R&D, and customer programs.
Business Standard··Bengaluru



