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Alt Material Innovations secures ₹2.99 crore from Kiran Vyapar in Series A funding. The strategic investment supports the biotech materials manufacturer's expansion.

PRIVATENov 08, 2026

Amount Raised

₹29.9 Million

Round Type

Series A

BengaluruManufacturingBiotechnology

Investors

Kiran Vyapar Limited

Description

Alt Material Innovations Private Limited has completed a Series A funding round, securing ₹2.99 crore from Kiran Vyapar Limited through the subscription of 244 Compulsorily Convertible Preference Shares. The allotment was finalized on November 4, 2026, representing a 1.017% equity stake. Kiran Vyapar, a Non-Banking Financial Company, views the investment as a strategic acquisition to enhance business activities and diversify beyond its core NBFC operations. Alt Material, incorporated in April 2023 and based in Bengaluru, operates in manufacturing and trading of biological materials with R&D and analytical services capabilities.

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Company Information

Company

Alt Material Innovations Private Limited

Location

Bengaluru, Karnataka, India

About

Alt Material Innovations Private Limited (AMIPL) is a Bengaluru-based company incorporated in April 2023 that operates in the manufacturing and trading of biological and related materials. The company engages in research and development, analytical services, and the import-export of biological materials. AMIPL maintains a net worth of ₹15.64 crore as of FY26, though it reported a turnover of ₹0.33 crore with a loss after tax of ₹9.79 crore.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Alt Material Innovations Private Limited raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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