Atomgrid raises $7 million to expand exports and develop specialty chemical products

Economic Times
Economic Times
1h ago
Atomgrid raised $7 million in a mix of equity and debt to expand its global footprint and accelerate product development in specialty chemicals.
Atomgrid raises $7 million to expand exports and develop specialty chemical products
A What happened
Atomgrid raised a total of $7 million in a mix of equity and debt to expand its global footprint and accelerate product development in specialty chemicals. The equity round was led by A99, with participation from Sadev Ventures, CDM Capital, and existing investor Merak Ventures. Atomgrid also raised debt from Trifecta, SIDBI, and RevX. Atomgrid said over 50% of its revenue comes from exports, with over 150 active customers in more than 15 countries.
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Key insights

  • 1

    Funding use is tied to exports and R&D: Atomgrid said the $7 million will be used to deepen exports, build international teams and offices, and accelerate R&D-driven product launches.

  • 2

    Company strategy centers on full-stack integration: Atomgrid said it aims to integrate the value chain through its own distribution network and proprietary IP developed via long-term R&D.

  • 3

    Investors emphasized an asset-light, innovation-led model: A99’s managing partner said Atomgrid’s R&D-first, asset-light approach addresses global buyer demand for reliable innovation and scalable supply from India.

Takeaways

Atomgrid said the $7 million raise will support international expansion and faster specialty chemical product development.

Topics

Business & Markets Startups/VC

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