Intrinsic Foundries raises Rs 12 crores for carbon-to-value biomanufacturing infrastructure

Hazaribagh based Intrinsic Foundries has announced to have raised ₹12 Crores in seed funding led by Transition VC. Intrinsic Foundries is a carbon-to-value biomanufacturing platform that transforms industrial carbon waste into premium biochemicals using proprietary microbial biorefinery technology

Intrinsic Foundries 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. Conventional carbon capture treats emissions as waste destined for storage, costing tens of millions with zero economic return.

The company has developed a carbon biorefinery platform built on proprietary photobioreactor cultivation systems with integrated Factory 4.0 automation. Its first area of focus is microalgae-based biorefinery for industrial carbon emissions, while it continues to develop other microbial biorefineries including yeast-based systems. Intrinsic successfully completed a Proof of Concept at a thermal power plant last year, demonstrating extended continuous capture with operational reliability.

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 founding team—Shreyansh Jain, Sanjay Jain, and Umang Jain—brings in experience across global pharmaceutical innovation, large-scale industrial operations, and enterprise technology strategy to build a scalable infrastructure for profitable decarbonization. Shreyansh Jain, a BITS Pilani and Cornell University graduate, brings a strong global pharmaceutical and process engineering background to the company.

“Intrinsic Foundries Technology helps capture CO2 from Industrial sources using microalgae in the upstream and convert it into high-value biochemicals. 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 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.”, said Shantanu Chaturvedi, Partner at Transition VC.

Intrinsic is already advancing commercial engagement across cement, steel, pharmaceuticals, nutraceuticals, and food systems through partnerships with marquee industrial groups. This validates both technological feasibility and market demand for revenue-positive carbon utilization at industrial scale.