Althion, a Hyderabad-based water-tech company, raised INR 3.6 Crores in a pre-Series A round from IAN Group and BioAngels to enhance its operations and R&D in ultra-pure water systems.

Target Information

Althion is a Hyderabad-based company specializing in the development and manufacture of ultra-pure water systems for the healthcare, research, and semiconductor sectors. Founded in 2017, Althion aims to address the critical need for high-quality water purification solutions, especially in kidney dialysis centers, biotechnology laboratories, and leading hospitals across India. The company's R&D has been significantly supported by the Biotechnology Industry Research Assistance Council (BIRAC), aligning with the national Make in India initiative.

Recently, Althion successfully raised INR 3.6 Crores in a pre-Series A funding round led by IAN Group, powered by BioAngels, with participation from notable investors including Arun Seth, Om Manchanda, KNK Venkatraman, and Shubham Rastogi. The funds will facilitate the manufacturing of 40 units of their innovative tabletop laboratory water purification systems and bolster research and development efforts to improve kidney dialysis efficiency and sustainability.

Industry Overview

The ultra-pure water systems industry in India is an emerging sector, particularly vital for healthcare, research, and semiconductor applications. Valued at approximately INR 5000 Crores, this market is currently