Atomgrid, a platform revolutionizing the speciality chemicals industry with its R&D-first approach, has announced the successful closure of its seed funding round, raising Rs 10 crore (approximately $1.2 million). Merak Ventures led the investment, with participation from Dexter Ventures, Upsparks, Point One Capital, and UniCards’s founders Nitin Gupta and Prateek Jindal.
Founded by Lakshit Bansal, Siddharth Gupta, and Pratik Chowdhury, Atomgrid aims to streamline contract development, manufacturing, and sourcing of speciality chemicals. This seed funding will propel Atomgrid’s mission to expand its in-house R&D infrastructure, enhance global outreach, develop a robust supply chain tech platform, and scale its team.
Atomgrid’s platform empowers Indian chemical manufacturers to establish a global presence by addressing critical challenges such as R&D innovation, international market access, raw material procurement, and technological enablement. In a competitive landscape, Atomgrid competes with notable players like Scimplifi, backed by 3one4 Capital, and Covvalent, backed by Nexus Ventures.
Merak Ventures’ investment in Atomgrid marks its third significant investment this year, following previous investments in Farmtheory and Rupyz. This latest funding round reflects investors’ confidence in Atomgrid’s innovative approach to transforming the speciality chemicals industry and its potential for significant growth and impact in the global market.
