Atomgrid Secures $7 Million in Funding to Scale Speciality Chemical Operations

Speciality chemicals startup Atomgrid has raised $7 million, or about ₹58 crore, in a pre-Series A funding round, as per The Economic Times report. The capital has been raised through a combination of equity and debt, the company said. 

Investors 

The equity portion of the round was led by A99. New investors Sadev Ventures and CDM Capital also participated, along with existing backer Merak Ventures. Debt funding was provided by Trifecta, SIDBI, and RevX. 

Use of Proceeds 

Atomgrid said the funds will be used to expand exports, set up local teams and offices in overseas markets, and support research and development. The company plans to use part of the capital for the development and launch of new speciality chemical products. 

Atomgrid Background 

Founded by IIT-BHU alumni Siddharth Gupta, Lakshit Bansal, and Pratik Chowdhury, Atomgrid operates a contract development, manufacturing, and sourcing platform. Its business spans four segments, pharmaceuticals, agriculture, personal care, and flavours and fragrances. 

Operations and Capacity 

The company claims to operate more than 20 manufacturing sites located in Ankleshwar, Dahej, Sachin, and Bharuch in Gujarat, as well as Hyderabad in Telangana. Atomgrid reports a total production capacity of over 5,000 metric tonnes per annum and operates more than five research and development centres. 

Revenue Profile 

According to the company, exports account for over 50% of its revenue. Atomgrid serves more than 150 active customers across over 15 countries. It has stated a target of three times year-on-year revenue growth in FY26. 

Atomgrid raised ₹10 crore in a seed funding round in 2024. Prior to the latest raise, the company had secured $1.25 million in May last year. 

Read More: Finops Firm Bluecopa Secures $7.5 Million in Funding Led by Analog Partners and Blume Ventures! 

Conclusion 

The latest funding adds to a series of recent capital raises by Indian speciality chemicals firms as companies look to expand capacity and international reach. 

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