Speciality Chemicals Startup Atomgrid Raises $7 Mn To Increase Exports
Speciality chemicals startup Atomgrid has secured $7 million (INR 58 Cr) in a pre-Series A funding round, led by a99 VC, with debt from Trifecta, SIDBI, and RevX. Founded by IIT-BHU alumni, Atomgrid specializes in contract development and manufacturing for sectors like pharma and agriculture. The fresh capital will boost export capabilities, establish international offices, and accelerate R&D for new products. Atomgrid currently derives over 50% of its revenue from exports across 15+ countries, aiming for significant growth.
Speciality chemicals startup Atomgrid, founded by IIT-BHU alumni Siddharth Gupta, Lakshit Bansal, and Pratik Chowdhury, has successfully closed a $7 million (approximately INR 58 crore) pre-Series A funding round. The investment was spearheaded by a99 VC, with additional participation from Sadev Ventures, CDM Capital, and existing investor Merak Ventures. The funding also included debt capital provided by Trifecta, SIDBI, and RevX. This significant capital injection is earmarked for strengthening Atomgrid's global footprint.The startup plans to strategically deploy the funds to expand its export capabilities, establish on-ground teams, and open offices in key international markets. A crucial part of their strategy involves fast-tracking research and development efforts to create and launch new products. Atomgrid operates as an R&D-driven platform, focusing on the contract development, manufacturing, and sourcing of speciality chemicals for diverse segments, including pharmaceuticals, agriculture, personal care, and flavour & fragrance.Currently, Atomgrid boasts an impressive operational setup with over 20 manufacturing sites located in major industrial hubs like Ankleshwar and Hyderabad, coupled with more than 5 R&D centres. The company reports a production capacity exceeding 5,000 MTPA. A notable achievement is that over 50% of its revenue is generated from exports, serving more than 150 active customers across over 15 countries. Atomgrid aims to achieve a substantial 3X year-over-year revenue growth in FY26. This latest funding builds on its previous INR 10 crore seed round secured in 2024, positioning Atomgrid to capitalize on the growing global speciality chemical market and India's increasing share in it.
