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Biotech startup BacAlt Biosciences has raised Rs 18 crore in a funding round led by early-stage investment firm 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…
