Summary:

  • Atomgrid, a pioneering platform prioritizing research and development for contract development, manufacturing, and sourcing of speciality chemicals

  • The funding round is led by Merak Ventures 

  • This investment marks Merak’s third notable venture of the year, following previous investments in Farmtheory and Rupyz.

Atomgrid, a pioneering platform prioritizing research and development for contract development, manufacturing, and sourcing of speciality chemicals, recently secured a noteworthy sum of Rs 10 crore (approximately $1.2 million) in its seed funding round. Spearheaded by Merak Ventures, this funding endeavour also witnessed contributions from Dexter Ventures, Upsparks, Point One Capital, and notable individuals such as Nitin Gupta and Prateek Jindal, founders of UniCards.

The infusion of capital aims to bolster Atomgrid’s capabilities across multiple fronts. A significant portion will be allocated towards expanding its in-house research and development infrastructure. Additionally, the company intends to enhance its global outreach efforts and develop a cutting-edge supply chain technology platform. Furthermore, strategic hiring initiatives are on the agenda, ensuring the acquisition of top-tier talent vital for sustaining growth and innovation. This ambitious roadmap underscores Atomgrid’s commitment to advancing its mission of revolutionizing the speciality chemicals industry.

Founded by visionaries Lakshit Bansal, Siddharth Gupta, and Pratik Chowdhury, Atomgrid stands as a beacon of innovation in the realm of speciality chemicals. Positioned as an R&D-centric platform, Atomgrid endeavours to empower Indian chemical manufacturers to transcend geographical boundaries and establish a formidable global presence. Central to its mission is addressing the intricate challenges encountered by these manufacturers, spanning research and development, global outreach, raw material procurement, and technological integration. By offering comprehensive solutions to these critical pain points, Atomgrid endeavours to catalyze the growth and competitiveness of its clientele on a global scale.

In a landscape characterized by innovation and competition, Atomgrid finds itself in the company of other notable players such as Scimplifi, backed by 3one4 Capital, and Covvalent, supported by Nexus Ventures. As Atomgrid charts its trajectory towards industry leadership, it remains poised to navigate the dynamic landscape through its unwavering commitment to excellence and innovation.

Merak Ventures’ decision to invest in Atomgrid signifies a strategic alignment with pioneering ventures poised to redefine their respective industries. This investment marks Merak’s third notable venture of the year, following previous investments in Farmtheory and Rupyz. The synergy between Merak Ventures and Atomgrid underscores a shared vision for driving innovation and fostering growth in burgeoning sectors, underscoring the strategic significance of this partnership.

In conclusion, Atomgrid’s successful seed funding round signifies a pivotal milestone in its journey towards reshaping the speciality chemicals landscape. With a steadfast commitment to research and development, coupled with strategic partnerships and investments, Atomgrid is primed to emerge as a trailblazer in the industry. As it harnesses the infusion of capital to fuel its expansion and innovation initiatives, Atomgrid is poised to redefine the boundaries of possibility in the speciality chemicals sector, catalyzing transformative change and driving sustainable growth