Indian Specialty Chemicals Startups Go Global
India’s specialty chemicals sector is seeing renewed momentum as global customers look to diversify supply chains beyond China. Startups that can combine R&D depth, distribution control, and export readiness are emerging as credible challengers to traditional incumbents, especially in niche and high-value chemical segments.
Funding Snapshot and Capital Structure
Bengaluru-based Atomgrid has raised $7 million (around ₹58 crore) in a pre-Series A round through a mix of equity and debt. The equity portion was led by A99, with participation from Sadev Ventures, CDM Capital, and existing investor Merak Ventures.
In addition, Atomgrid secured venture debt from Trifecta, SIDBI, and RevX. The company had earlier raised $1.25 million in May last year.
What Atomgrid Is Building
Founded by Siddharth Gupta and Lakshit Bansal, Atomgrid operates as a full-stack specialty chemicals platform integrating distribution, R&D, and proprietary product development. More than 50 percent of its revenue currently comes from exports, with over 150 active customers across 15 countries. The company positions itself as a long-term partner to global buyers seeking reliability, compliance, and consistent product quality.
Why This Funding Matters
The fresh capital will be used to expand Atomgrid’s international footprint and accelerate product development. With two funding rounds completed in the last 18 months and a target of nearly threefold revenue growth in FY26, Atomgrid’s progress reflects growing investor confidence in export-led Indian chemical startups. For founders, this round highlights how building integrated capabilities, rather than pure trading models, is becoming central to creating defensible, globally relevant chemical businesses.
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