Atomgrid Raises $7 Million for Specialty Chemicals Expansion

Bengaluru-based specialty chemicals startup Atomgrid has successfully raised $7 million in a pre-Series A funding round, which includes both equity and debt financing. The equity portion of this round was primarily led by A99, with additional participation from Sadev Ventures, CDM Capital, and existing investor Merak Ventures. Atomgrid also obtained venture debt from Trifecta, SIDBI, and RevX.

Previously, Atomgrid had secured $1.25 million in funding in May of the prior year. The funds generated from this latest round will facilitate Atomgrid’s expansion into international markets and fast-track its product development initiatives.

About Atomgrid

Founded by Siddharth Gupta and Lakshit Bansal, Atomgrid operates as a comprehensive specialty chemicals platform. It focuses on amalgamating the value chain through various activities, including distribution, research and development, and proprietary product innovation. Currently, Atomgrid generates over 50% of its revenue through exports, collaborating with more than 150 active customers in 15 different countries.

Growth Targets and Competition

In the past 18 months, Atomgrid has achieved success with two funding rounds and is now targeting a substantial revenue growth of nearly threefold by FY26 compared to FY25. Atomgrid also faces competition from other companies in the industry, including Scimplifi, backed by 3one4 Capital, and Covvalent, supported by Nexus.