Althion Raises INR 3.6 Crores in Pre-Series A Round from IAN Group powered BioAngels
Althion, a Hyderabad-based water-tech company specializing in ultra-pure water systems, has raised INR 3.6 Crores in a pre-Series A funding round from IAN Group powered BioAngels. The round saw participation from prominent investors Arun Seth, Om Manchanda, KNK Venkatraman, and Shubham Rastogi.
This strategic investment will enable Althion to pilot the manufacture of 40 units of its innovative tabletop laboratory water purification system and further its R&D efforts on products and solutions aimed at enhancing kidney dialysis efficiency and sustainability. Additionally, the company plans to establish a larger facility to scale its operations.
Founded in 2017, 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.
Surya Rao, Founder, Althion, said “We are thrilled to announce this funding by BioAngels/India Angels Network Fund to strengthen our R&D and manufacturing push in the area of ultra-pure water (UPW) production and recycling. We hope to reduce the large quantum of imports in the sector of UPW systems for healthcare, research, and semiconductor industries”
Padmaja Ruparel, Co-founder, IAN Group, said “With its small raise, Althion is well on its way to creating a big impact in filling important gaps in healthcare and research, which is exactly in line with the Make in India campaign. They stand out in a very competitive market thanks to their ability to provide top-notch, reasonably priced solutions with an emphasis on sustainability and indigenization. Our faith in Althion’s vision and its ability to transform the water-tech, as they grow and enter new markets, we are thrilled to accompany them on their journey.”
The company’s pioneering 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. The company is in the process of securing CDSCO and BIS certifications to strengthen its position in public tenders. Further, it has been approved for funding towards CE marking and USFDA certifications, which will open markets across Latin America, Africa, and Asia.
Operating in a market estimated at INR 5000 Crores, Althion is positioned to disrupt the ultra-pure water systems space, which is currently dominated by global players. These multinational competitors offer high-cost solutions, leaving a significant gap in affordability for developing regions. Althion aims to address this 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. 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.
About Althion:
Althion is a Hyderabad based company developing and manufacturing ultra-pure water systems for healthcare, research and semiconductor applications. The R&D effort was funded by BIRAC, Department of Biotechnology, and represents a great example for Make in India. A range of products is already in use in kidney dialysis centres and premier hospitals such as Tata Memorial Centre, Sir Gangaram, CMC Vellore, Narayana Hrudayalaya, Nephroplus, etc. A table top ultra-pure water system for biotechnology/pharmaceutical/
About IAN Group:
IAN Group is the country’s single largest platform for seed and early stage investment platform with IAN Angel Network, BioAngels and IAN Fund I and IAN Alpha Fund enabling entrepreneurs to raise from Rs. 50 lakhs to Rs. 50 crores. The platform brings money, mentoring from successful entrepreneurs and global market access. The platform is sector-agnostic and has funded innovative start-ups across 19 sectors in India and 7 other countries, thereby growing the global footprint of companies. IAN has been listed by Forbes as one of iconic business and economic events of Independent India, over 75 years along with LIC, NASSCOM, RBI, Naukri.com amongst others.