Atomgrid raises $7 million Pre-series A funding to build a global speciality chemicals platform

Atomgrid, a leading speciality chemicals platform, has announced that it has raised a total of $7 million Pre-series A funding in a mix of equity and debt to expand its global footprints and accelerate product development.

The equity round was led by A99, an early stage venture capital firm focused on the manufacturing sector. The round also witnessed participation from new investors Sadev Ventures, CDM Capital and existing investors, Merak Ventures. Prior to the fresh round, Atomgrid raised $1.25 million in May last year.
Along with the equity, Atomgrid has also raised debt from venture debt funds and banks including Trifecta, SIDBI and RevX.

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Founded by Siddharth Gupta and Lakshit Bansal, Atomgrid operates in an industry valued at over $800 billion globally and aims to capture this market by building a full stack orchestration layer that integrates the entire value chain, establishes its own global distribution network, and develops proprietary IP through long term R&D, all while leveraging the existing manufacturing ecosystem.

Siddharth Gupta, Co-Founder of Atomgrid, said, “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. With new investors on board, we’re doubling down on our vision of a global, innovation-led, asset-light company that can redefine how specialty chemicals are developed and delivered from India to the world."

Over 50% of Atomgrid’s revenue comes from exports with over 150 active customers in more than 15 countries. In the past 18 months, Atomgrid has completed two funding rounds and is on a path to deliver 3x revenue growth in FY26 over FY25.

What sets Atomgrid apart from its competitors is its full-stack global approach, enabling it to capture higher margins and build defensibility in the longer run.
Atomgrid plans to use the funds to deepen its export footprint, establish on ground teams and offices in key international markets, and accelerate the development and launch of new products through its R&D.

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Mr. Vignesh Shankar, Managing Partner at A99, said, “At A99, we believe India’s next growth chapter in chemicals will be written by companies that combine innovation with execution strength. 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. This approach is aligned with India’s ambition to shift from being a volume supplier to a value-driven partner in specialty chemicals — and we see Atomgrid and its founding team as catalysts for that transformation.”

Sheetal Bahl, Founding Partner at Merak Ventures added, “Our conviction in the specialty chemicals space remains strong, and Atomgrid is a clear example of why. In a crowded market, Siddharth and Lakshit have executed with focus, frugality and ambition, delivering exceptional progress. It’s been impressive to watch them scale with such intent, and we’re excited to continue backing the team as they build a global platform from India."

About Atomgrid

Atomgrid is a speciality chemicals startup based out of Bangalore, India. Their vision is to build a global, innovation-led, asset-light company that can redefine how specialty chemicals are developed and delivered from India to the world. 

About A99

A99 is a Category-1 Alternate Investment Fund (AIF) registered with SEBI, based in Chennai and is dedicated to identifying, investing in and catalysing businesses for India’s growth century.

About Merak Ventures

Merak Ventures is a sector-agnostic, early-stage venture fund investing in companies that are solving real problems and creating large-scale impact in the B2B and emerging technologies sectors. With over a decade of experience in the Indian ecosystem, Merak Ventures is managed by experienced operators and investors, Manu Rikhye and Sheetal Bahl, who bring over 20 years of experience each to the table. 

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