Specialty chemicals startup Atomgrid raises Rs 10Cr in a Seed round

Specialty chemicals R&D startup Atomgrid has raised Rs 10 crore in a seed funding round led by B2B venture capital firm Merak Ventures.

Dexter Ventures, Upsparks, Point One Capital, and UniCards co-founders Nitin Gupta and Prateek Jindal also participated in the round. 

The startup plans to utilize the seed funding to expand its R&D infrastructure, broaden its global reach, and develop a supply chain tech platform. 

What does Atomgrid do?

Founded by Lakshit Bansal, Siddharth Gupta, and Pratik Chowdhury, Atomgrid is an R&D-first platform for contract development, manufacturing, and sourcing specialty chemicals.

The startup aims to support Indian chemical manufacturers in establishing a global footprint.

It empowers Indian manufacturers by addressing inefficiencies and challenges related to research and development resources, global distribution networks, effective raw material sourcing, and tech-driven solutions.

"A massive global specialty chemical market, coupled with inefficiencies that we see daily, makes us believe that we are solving the right problem at Atomgrid. With this funding, we are poised to accelerate our mission of empowering Indian chemical manufacturers on a global scale," said Siddharth Gupta, Co-founder of Atomgrid.

Seizing global opportunities

India’s specialty chemical companies are gaining favour with global multinational corporations (MNCs) seeking to reduce their dependence on China.

According to a Frost & Sullivan report, China accounts for about 15-17% of the world's exportable speciality chemicals, while India accounts for just 1-2%.

This gap signifies a significant opportunity for growth in India’s specialty chemical industry, which is expected to become the country's next major export pillar.

"As India’s speciality chemicals sector drives industry growth, Atomgrid stands out by maximizing underused MSME capacities. More than just filling the demand-supply gap, Atomgrid redefines its role in the supply chain—from mere distributor to vital manufacturing partner. This strategic approach sets them apart, perfectly aligning with Merak Ventures’ commitment to innovative B2B tech solutions," said Sheetal Bahl, Partner at Merak Ventures.