TLDR:
- Merak Ventures invests Rs 10 crore in Atomgrid for specialty chemical manufacturing.
- Atomgrid aims to empower Indian chemical manufacturers globally through enhanced R&D and supply chain tech.
Merak Ventures, an early-stage B2B venture capital firm, has led a seed funding round of Rs 10 crore for Atomgrid, a specialty chemical manufacturing platform co-founded by IIT-BHU alumni. Other investors in the round include Dexter Ventures, Upsparks, Point One Capital, and the founders of UniCards. Atomgrid’s mission is to address the challenges faced by Indian manufacturers in terms of research and development resources, global distribution networks, raw material sourcing, and technology-driven solutions. The investment from Merak Ventures will allow Atomgrid to expand its in-house R&D capabilities, increase global outreach, build a supply chain tech platform, and hire across various functions. Sheetal Bahl, Partner at Merak Ventures, highlighted Atomgrid’s strategic approach of maximizing underused MSME capacities in the specialty chemicals sector.
Full Article:
Merak Ventures, an early-stage B2B venture capital (VC) firm, has announced a new investment in Atomgrid, a platform for contract development, manufacturing, and sourcing of Specialty Chemicals. The seed round of Rs 10 crore was led by Merak Ventures, with participation from other VC firms and individuals.
Atomgrid, co-founded by IIT-BHU alumni, aims to empower Indian chemical manufacturers globally by addressing challenges such as limited access to research and development resources, global distribution networks, efficient raw material sourcing, and technology-driven solutions. The investment from Merak Ventures will enable Atomgrid to enhance its R&D infrastructure, expand global outreach, develop a supply chain tech platform, and hire teams across various functions.
The co-founders of Atomgrid have identified significant challenges faced by Indian manufacturers, leading to suboptimal capacity utilization and restricted presence in the export market. The strategic approach of Atomgrid in partnering with manufacturers sets them apart and aligns with Merak Ventures’ focus on innovative B2B tech solutions.
Atomgrid’s co-founder, Siddharth Gupta, expressed excitement about the funding, stating that Atomgrid is well-positioned to empower Indian chemical manufacturers on a global scale. The collaboration with Merak Ventures is expected to enhance Atomgrid’s efforts and help achieve their goals in the specialty chemicals sector.
Overall, the investment from Merak Ventures in Atomgrid signifies a significant step towards enhancing the capabilities of Indian chemical manufacturers and addressing the challenges in the sector through innovative solutions and strategic partnerships.
