Harsh Bhatt, Co Founder and CEO of Tulon Materials, said the funding will support IP growth, commercial validation and specialty chemical applications across paints, coatings, printing inks and adhesives.
Tulon Materials Private Limited has raised ₹10 crore in a seed funding round to accelerate the development and commercialisation of its specialty chemicals and advanced materials portfolio.
The round was led by investor Karthik Sundar Iyer, with participation from Karan Goshar and Prakhar Pandey, Partners at Valour Capital, in their personal capacities. Angel investor Agam Shah also participated in the round.
Founded by Asesh Sarkar, Dr. Rabindranath Mandal and Harsh Bhatt, Tulon Materials is focused on R&D led, high performance and sustainable specialty chemicals. The founders bring a combined eight decades of experience in the chemical industry.
The seed funding will be used to speed up engineering and commercialisation timelines for applications in paints and coatings, printing inks and adhesives.
Tulon follows a revenue first, deep tech strategy in the specialty chemicals sector, with a focus on intellectual property that can address current market needs while supporting longer term development of performance materials.
The company’s portfolio includes proprietary plastic waste upcycling technology that converts complex polymer waste streams into chemical resins. The technology is aimed at supporting circular material use and reducing dependence on virgin fossil derived feedstocks.
Tulon also operates an open innovation model to work with industry partners, research institutions and global customers on validation and application development. The company uses artificial intelligence across chemical simulation, validation and R&D workflows to reduce development timelines.
The company is positioning its Made in India specialty chemical products for export markets, particularly the European Union. Multiple products are currently undergoing technical validation by large multinational enterprises.
Harsh Bhatt, Co Founder and CEO of Tulon Materials, said, “Tulon was founded to bridge the historical gap between deep scientific research and commercial agility. We engineer practical, scalable material platforms that improve industrial unit economics while advancing sustainability. This funding allows us to grow our IP portfolio, advance our upcycling technologies, and accelerate our validation timelines with enterprise partners globally.”
Karthik Sundar Iyer, lead investor, said, “Tulon represents a sophisticated approach to industrial deep tech, combining acute chemical expertise with modern digital execution. By establishing a highly technical platform that targets immediate, massive industrial end-markets, the team is building the foundational framework for a highly resilient and globally relevant specialty chemicals business.”
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