Karnataka Microalgae Biotechnology Startup Novalgae Closes Seed Round to Turn Ballari’s Arid Land into High-Value Spirulina Farms
Bengaluru, (Karnataka) [India] July 07 2026: Bengaluru-based microalgae biotechnology startup Novalgae Private Limited has closed an undisclosed seed round from three angel investors to expand its community spirulina farming programme in Ballari District, Karnataka, targeting 150 tons of annual production by 2027. Founded by brothers Siva Sankar and Atul Ghosh, Novalgae is working with smallholder farmers who have pooled resources as a collective, transforming marginal and arid land in Ballari into productive spirulina cultivation hubs. The fresh capital will be deployed toward farm expansion within the district and formulation research and development for nutraceutical-grade spirulina ingredients targeting B2B health and…