Atomgrid, a Bengaluru-based speciality chemicals startup, has raised $7 million in pre-Series A funding in a mix of equity and debt.
The equity round was led by A99, an early-stage venture capital firm focused on the manufacturing sector. The round also saw 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.
The fresh funds raised will be used 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.
Founded in 2023 by Siddharth Gupta and Lakshit Bansal, Atomgrid is a Bengaluru-based R&D-focused manufacturing and sourcing platform for the specialty chemicals industry.
The company operates as a digital-first platform connecting global and Indian buyers with manufacturers to streamline procurement and manage contract manufacturing for sectors such as agrochemicals and pharmaceuticals.
It provides 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.
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.
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.”
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, said, “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.”
