Merak Ventures is a B2B Venture Capital Firm that has announced its new investment in Atomgrid.  Merak Ventures led the Rs 10 Crore Seed fund. In the seed fund round, other investors were Dexter  Ventures, Upsparks, and the founder of UniCards. This marks Merak Venture’s third investment this  year.  

Atomgrid was co-founded by alumni of IIT-BHU Lakhsit Bansal, Siddharth Gupta, and Pratik Chowdhury.  Each one of them has expertise in this field as Bansal worked as a Business Head at WorkIndia, Gupta  was a business head at Uni Cards and Chowdhury worked with Amazon. They aim to position India as  a Hub for specialized chemicals. The startup intends to use this fund to grow its in-house R&D  infrastructure, construct a supply chain tech platform, hire teams for business development, and  expand to the international market. Various global firms have already mentioned India’s capacity to  solve worldwide need for raw materials, the startup aims to grab this opportunity and transform India  into a leading chemical manufacturing hub. 

Atomgrid is known as a startup specializing in chemicals and they serve industries related to medicine,  agriculture, and specialized chemicals for manufacturing. The founders mentioned that while  interacting with more than 250 businesses they found out the substantial problems for Indian  manufacturers. The problems include limited development resources and access to research, global distribution networks, raw material sourcing, and technology-driven solutions. These factors led to low utilization, limited presence, and less exposure to the export market. 

According to market research, India has significant room for growth and development, and chemicals  are predicted to be India’s next big export step, with a growing CAGR of 12.2 percent. Atomgrid, a  startup that manufactures and focuses on specialized chemicals, has raised about $1.2 million in a seed  fundraising round led by Merak Ventures.

The startup aims to empower Indian chemical makers on an international scale. Partner at Merak Ventures mentioned that India’s chemical sector is said to have  growth, and startups like Atmogrid stand out by maximizing MSME capacities. Instead of just focusing  on filling the demand-supply gap the startup focuses on its role in the supply chain by moving it from  distributor to manufacturing partners. This approach makes them different from others.

Conclusion: 

Atomgrid is a startup that works with specialized chemicals. The startup got seed funding of Rs 10 crore  from Merak Ventures. This marks their third investment this year. Atomgrid aims to make a global  presence in specialized chemicals. They plan to use the seed fund to improve their research, build a  platform, hire more people, and expand the business globally. They aim to help Indian chemical  companies by solving problems like limited resources and technology access.

Specialized chemicals are  said to be India’s next big export pillar, with a growing CAGR of 12.2 percent. The startup aims to  empower Indian chemical makers on an international scale. Merak Ventures thinks Atomgrid is special  because it helps small businesses and focuses on the whole supply chain. They not only focus on filling the demand-supply gap but also aim to make a global presence.