# altM funding: rounds and investors

> altM has raised $10M across 1 round since 2026. Investors include Rainmatter by Zerodha, Rainmatter and Mela Ventures. Every round with its source.

Source: https://millionrounds.com/company/altm (Millionrounds; every figure on the page links to its filing or article)

India · [Series A startup](https://millionrounds.com/companies)

# Who invested in *altM*

One round we have observed, with the 7 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Agtech Chemicals & Materials Climate Tech Deeptech

Raised this month

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Funding summary Updated 5 Nov 2026

**$10M** raised across 1 round since 2026, from 3 sources

- **Latest round:** Series A, $10M Nov 2026
- **Led by:** Rainmatter by Zerodha and Rainmatter and 1 more
- **Investors:** 7 (3 led)

See who backed them

## The rounds

- **Nov 2026** Series A **$10M** [Rainmatter by Zerodha](https://millionrounds.com/fund/rainmatter-by-zerodha) Lead [Rainmatter](https://millionrounds.com/fund/rainmatter) Lead [Mela Ventures](https://millionrounds.com/fund/mela-ventures) Lead [Omnivore](https://millionrounds.com/fund/omnivore) [Spectrum Impact](https://millionrounds.com/fund/spectrum-impact) [Aureolis Ventures](https://millionrounds.com/fund/aureolis-ventures) [Theia Ventures](https://millionrounds.com/fund/theia-ventures) Reported by The Economic Times: startups and 2 others

## Founders and team

From altM's own website: 2 founders, 1 on the team.

**Apoorv Garg** CEO and Co-founder

**Yugal Raj Jain** Chief Operating Officer and Co-founder

- **Dr. Harshad Velankar** Chief Scientific Officer

## Everyone who backed them

[Rainmatter by Zerodha](https://millionrounds.com/fund/rainmatter-by-zerodha) Corporate VC **1** round, led 1

[Rainmatter](https://millionrounds.com/fund/rainmatter) VC firm **1** round, led 1

[Mela Ventures](https://millionrounds.com/fund/mela-ventures) VC firm **1** round, led 1

[Omnivore](https://millionrounds.com/fund/omnivore) VC firm **1** round

[Spectrum Impact](https://millionrounds.com/fund/spectrum-impact) Advisor **1** round

[Aureolis Ventures](https://millionrounds.com/fund/aureolis-ventures) VC firm **1** round

[Theia Ventures](https://millionrounds.com/fund/theia-ventures) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=altm).

## Quick answers about altM

### Who invested in altM?

altM's investors include Rainmatter by Zerodha, Rainmatter, Mela Ventures, Omnivore and Spectrum Impact, and 2 more on record. Rainmatter by Zerodha led its latest round.

### How much has altM raised?

altM has raised $10M across 1 round since 2026.

### When did altM last raise?

altM's most recent round was a Series A of $10M in Nov 2026, led by Rainmatter by Zerodha.

### What was altM's biggest round?

Its most recent round, $10M in Nov 2026, is also its largest on record.

### Who backed altM first?

altM's first round on record, in Nov 2026, was backed by Rainmatter by Zerodha, Rainmatter and Mela Ventures and 4 others.

### What stage is altM at?

altM's latest named round is a Series A, in Nov 2026.

### Where is altM based?

altM is based in India.

### Who led altM's rounds?

Rainmatter by Zerodha led the Series A in 2026.

## Companies like altM

In the same sector, and raised in the last eighteen months.

[**Scimplify** $65M · Oct 2026](https://millionrounds.com/company/scimplify)[**ThinkMetal** $2.8M · Oct 2026](https://millionrounds.com/company/thinkmetal)[**Whizzo** $37M · Oct 2026](https://millionrounds.com/company/whizzo)[**Quanfluence** $12M · Oct 2026](https://millionrounds.com/company/quanfluence)[**Balwaan Krishi** $10M · Sept 2026](https://millionrounds.com/company/balwaan-krishi)[**CarbonStrong** $1.3M · Aug 2026](https://millionrounds.com/company/carbonstrong)

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