Water-tech company Althion has raised Rs 3.6 crore in a pre-Series A funding round from IAN Group-powered BioAngels, along with participation from prominent investors Arun Seth, Om Manchanda, KNK Venkatraman, and Shubham Rastogi.
The Hyderabad-based company had previously raised $180K from C-CAMP and others.
The fresh funds will be utilized to pilot the manufacture of 40 units of its innovative tabletop laboratory water purification system, support R&D efforts on products and solutions aimed at enhancing kidney dialysis efficiency and sustainability, and establish a larger facility to scale its operations, Althion said in a press release.
Founded in 2017 by Surya Rao, Althion develops cutting-edge ultra-pure water systems that serve healthcare, research, and semiconductor industries. The company’s innovations, supported by BIRAC and aligned with the Make in India initiative, are empowering dialysis centres, biotechnology labs, and premier hospitals across the country.
According to Althion, it aims to address the high-cost solutions gap with its cost-effective, high-quality offerings. Its proprietary Althion Remote Monitoring System (ARMS) further enhances its competitive advantage by enabling predictive and preventive maintenance. It asserts that the company’s products are already trusted by renowned institutions, including Sir Ganga Ram Hospital, Homi Bhabha Memorial Cancer Centre, Narayana Hrudayalaya, and Nephroplus centres across India.
Althion states that its work has already been supported by grants from BIRAC for the development of its tabletop and kidney dialysis products, as well as seed funding from C-CAMP Bangalore and AIC CCMB Hyderabad. Furthermore, it has been approved for funding towards CE marking and USFDA certifications, which will open markets across Latin America, Africa, and Asia.
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