Speciality Chemicals Startup Atomgrid Raises $7 Mn To Increase Exports

Atomgrid Bags Funding To Boost Specialty Chemicals Export

SUMMARY

The funding round was led by a99 VC, along with participation from Sadev Ventures, CDM Capital and existing investor Merak Ventures

The startup raised the funding in a mix of equity and debt. The debt capital was provided by the likes of Trifecta, SIDBI and RevX

Speciality chemicals startup Atomgrid has raised $7 Mn (around INR 58 Cr) in its pre-Series A funding round led by a99 VC, along with participation from Sadev Ventures, CDM Capital and existing investor Merak Ventures.

The startup raised the funding in a mix of equity and debt. The debt capital was provided by the likes of Trifecta, SIDBI and RevX.

Atomgrid plans to deploy the fresh capital to expand its export capabilities, set up on-ground teams and offices across key international markets, and fast-track R&D for the development and launch of new products.

Founded by IIT-BHU alumni Siddharth Gupta, Lakshit Bansal, and Pratik Chowdhury, Atomgrid is an R&D-driven platform focussed on contract development, manufacturing, and sourcing of speciality chemicals. It serves four key segments – pharmaceuticals, agriculture, personal care, and flavour & fragrance.

It claims to have more than 20 manufacturing sites at key locations like Ankleshwar, Dahej, Sachin, and Bharuch in Gujarat and Hyderabad in Telangana. The startup has a production capacity of over 5,000 MTPA and 5+ R&D centres.

Atomgrid raised INR 10 Cr in its seed round in 2024. It was also featured in the September 2024 edition of Inc42’s flagship ‘30 Startups To Watch’.

Atomgrid claims that more than 50% of its revenue comes from exports to more than 150 active customers in over 15 countries. It aims to deliver 3X YoY revenue growth in FY26.

As per a report by Finnovate, the global speciality chemical market, which is currently valued at $4.7 Tn, is dominated by China with a 32% market share. India holds a 4.3% market share, ranking fifth globally.

A number of Indian startups are working to tap this market and increase India’s market share. These startups are getting a lot of traction from investors as they look to capitalise on the China+1 opportunity.

In September 2025, speciality chemicals startup Distil raised $7.7 Mn in its Series A funding round to enhance its research and development and expand its global footprint by commencing operations in the Middle East, Africa, and North America. Around the same time, Scimplify raised $40 Mn in its Series B funding round.