Carbon-to-value biomanufacturing platform Intrinsic Foundries raises Rs 12 crore in funding

Intrinsic Foundries, a carbon-to-value biomanufacturing platform that transforms industrial carbon waste into premium biochemicals using proprietary microbial biorefinery technology, has raised Rs 12 crore ($1.4 million) in a seed funding round led by Transition VC.

The startup will deploy this capital to execute industrial pilots, expand research, and file IPs. Additionally it also plans to scale its engineering and commercial teams, strengthen manufacturing capabilities, and establish its US entity to support global market development.

Founded in 2023 by Shreyansh Jain, Sanjay Jain, and Umang Jain, Intrinsic Foundries is a carbon-to-value biomanufacturing platform that converts industrial emissions, effluents, and residues into premium biochemicals using proprietary microbial biorefinery systems, modular photobioreactors, and integrated automation.

The startup enables scalable, revenue-positive decarbonization while supplying sustainable ingredients and materials across multiple global industries.

Shreyansh Jain, founder of Intrinsic Foundries, said, “Carbon is not waste. It is a resource waiting to be transformed. The economics of carbon capture have been broken for decades because the industry has been trying to bury the problem underground. At Intrinsic, we are using nature-based biological systems to convert industrial emissions into the ingredients that go into your supplements, your food, and your skincare.”

The startup claims that it maintains strategic R&D partnerships in the United States and Germany, bringing together process engineers, scientists, and automation specialists working at the intersection of biomanufacturing and industrial biotechnology.

“To achieve our net-zero goals by 2070, the focus needs to be on reducing carbon emissions from "hard-to-abate" sectors—steel, cement, refineries, and chemicals. The only feasible option to reduce emissions in these hard-to-abate sectors is Carbon Capture, Utilisation, and Storage (CCUS). But in the context of CCUS, adoption is constrained by unfavourable unit economics and higher capital expenditure (capex) costs. Intrinsic Foundries Technology helps capture CO2 from Industrial sources using microalgae in the upstream and convert it into high-value biochemicals,” said Shantanu Chaturvedi, Partner at Transition VC.

“By utilising the captured carbon, Intrinsic Foundries' technology platform generates high-value biochemicals for the Pharmaceutical, Nutraceutical, and cosmetic Industries. In the recent budget, India has committed Rs 20,000 crore (~$2.4 billion) over five years to scale up Carbon Capture, Utilisation, and Storage (CCUS). This will rapidly advance CCUS, and we believe Intrinsic is well-positioned to capture a significant share of the market,” Shantanu added.

Over the next 12-24 months, the startup plans to commission multiple industrial pilots and operationalise its first one-ton-per-day commercial plant.

It will also expand its patent portfolio, generate cumulative revenues from pilots and biochemical products, and deepen international market access. In the longer term, Intrinsic aims to establish carbon-to-value biomanufacturing infrastructure as a foundational layer of global industrial decarbonization.