Tulon Materials Raises ₹10 Crore Seed Round to Build Next-Generation Speciality Chemicals
Tulon Materials Private Limited, an R&D-led engineering high-performance, sustainable specialty chemicals, has raised ₹10 crore in a seed funding round led by investor Karthik Sundar Iyer, with participation from Karan Goshar and Prakhar Pandey (Partners at Valour Capital, a venture fund investing in defence, aerospace, deep tech, and advanced manufacturing, participating in their personal capacities), with additional backing from angel investor Agam Shah.
The company is led by founders Asesh Sarkar, Dr. Rabindranath Mandal and Harsh Bhatt, who collectively bring eight decades of experience in the chemical industry. This deep expertise underpins Tulon’s focus on creating proprietary speciality chemicals and advanced materials that meet rigorous industrial standards while advancing sustainability objectives. The seed funding will accelerate engineering and commercialisation timelines for applications in paints & coatings, printing inks, and adhesives.
Tulon follows a “revenue-first, deep-tech” strategy in the speciality chemicals space. It emphasises the creation of highly commercializable intellectual property that solves current market challenges, while maintaining a pipeline of breakthrough performance materials. This approach delivers tangible benefits to customers in the form of enhanced performance, cost efficiencies, and improved sustainability profiles versus incumbent solutions.
Central to the portfolio is a proprietary plastic waste upcycling technology that converts complex polymer waste streams into high-quality chemical resins. This directly addresses global challenges in plastic waste management and supports the transition to circular materials. Tulon complements this with an open innovation platform that facilitates collaboration with industry partners, research institutions, and global customers for rapid validation and application development. Artificial intelligence is integrated across chemical simulation, validation, and automated R&D workflows to compress development cycles far beyond traditional experimental approaches.
In line with its commitment to climate stewardship, Tulon prioritises material platforms that enable lower-carbon industrial processes, decrease dependence on virgin fossil-derived feedstocks, and promote circular economy outcomes in its target sectors. The company is strategically positioning its “Made in India” products for demanding export markets, particularly the European Union. Multiple products are currently undergoing rigorous technical validation by large multinational enterprises.
“Tulon was founded to bridge the historical gap between deep scientific research and commercial agility,” said Harsh Bhatt, Co-founder and CEO of Tulon Materials. “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.”
“Tulon represents a sophisticated approach to industrial deep tech, combining acute chemical expertise with modern digital execution,” added Karthik Sundar Iyer, lead investor. “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.”
