altM funding, investors and company details

altM is an emerging Recycling startup from Bengaluru, working in the space of Developing next-generation sustainable materials. Founded by Apoorv Garg, Yugal Raj Jain.

Company: Alt Material Innovations Private Limited
Sector: Recycling
Location: Bengaluru
Founders: Apoorv Garg, Yugal Raj Jain
Total funding raised: ₹29.06 Cr

Company overview

AltM is an alternative materials company focused on developing next-generation sustainable materials. Its mission is to help businesses reduce their carbon footprint and build more circular supply chains. By leveraging manufacturing innovation, AltM produces biomaterials at scale, enabling companies to adopt environmentally responsible alternatives across their operations. The company’s long-term vision is to develop new, scalable materials that can replace conventional, less sustainable options used in industries such as CPG/FMCG, apparel, industrial chemicals, and packaging. Through these innovations, AltM aims to support businesses in transitioning toward more sustainable and circular production systems.

Funding rounds

Latest round (Seed): $ 3.50 Mn (₹29.06 Cr.), 2023-09-07. Investors: Omnivore Venture Capital, Sanjiv Rangrass (Capria), Neha Mudaliar, Maninder Gulati (OYO), Mirik Gogri (Spectrum Impact), Aureolis (Paula Mariwala), Thai Wah Ventures