Atomgrid Secures $7 Million for Global Specialty Chemicals Push
Overview
Specialty chemicals firm Atomgrid has raised $7 million in equity and debt funding. Led by A99, the capital injection will fuel global market expansion and accelerate product development. The company aims to become a full-stack, asset-light player, leveraging India's manufacturing ecosystem for international reach.
Atomgrid has secured $7 million in a combined equity and debt funding round designed to expand its global presence and accelerate new product development within the specialty chemicals sector. A99, a venture capital firm focused on manufacturing, led the equity portion of the pre-Series A funding.
The round also saw participation from new investors Sadev Ventures, CDM Capital, and existing backers Merak Ventures. Prior to this, Atomgrid had raised $1.25 million in May of the previous year. The company also secured debt financing from entities including Trifecta, SIDBI, and RevX.
Strategic Growth Initiatives
Siddharth Gupta, co-founder of Atomgrid, stated the company sees significant global opportunity. "We are seeing a massive opportunity in the global markets to serve our customers' specialty chemical needs through creating a strong distribution network, investing in long-term R&D, and becoming a full-stack player," Gupta said. Atomgrid intends to build a global, innovation-led, asset-light company.
Founded by Gupta and Lakshit Bansal, Atomgrid operates in a global industry valued at over $800 billion. Its strategy involves building a full-stack orchestration layer to integrate the value chain, establishing its own global distribution network, and developing proprietary intellectual property via R&D, all while utilizing India's manufacturing capabilities.
Export Strength and Future Outlook
Currently, exports account for over 50% of Atomgrid's revenue, serving more than 150 active customers across over 15 countries. The company is projecting a threefold increase in revenue for Fiscal Year 2026 compared to FY25, building on two previous funding rounds in the last 18 months.
Vignesh Shankar, Managing Partner at A99, highlighted Atomgrid's approach. "Atomgrid's R&D-first asset light approach, built by its founders Siddharth and Lakshit, directly addresses what global buyers increasingly seek from India: reliable innovation, scalable supply and value beyond cost arbitrage," Shankar noted. This aligns with India's aim to transition from a volume supplier to a value-driven partner in specialty chemicals.
The newly raised funds will be deployed to deepen export operations, establish physical presences in key international markets, and expedite the development and launch of new chemical products.
