Why we invested in Atomgrid

A platform that streamlines sourcing and manufacturing for specialty chemicals.

What is Atomgrid?

Atomgrid is a cutting-edge tech platform for custom manufacturing and sourcing in the specialty chemicals sector. It enables global and Indian buyers to efficiently source products, manage contract manufacturing, and develop specialty chemicals at competitive cost and speed. The platform streamlines the procurement of intermediates and actives used in formulations. 

Why this industry?

The Indian specialty chemicals industry has experienced rapid growth, accounting for 22% of the country’s chemicals and petrochemicals market, and is currently valued at $32 billion. It is projected to double to $64 billion by 2025, with a CAGR of 12.4% [source]. Within this expanding market, the company focuses on agrichemicals, a significant and growing segment. As global customers seek to mitigate risks from over-reliance on China and look to diversify their supply chains, India emerges as a compelling alternative. The country’s low labor costs, skilled workforce, strong IP protection, and advanced process engineering capabilities position it well to become the next major hub for contract manufacturing in the specialty chemicals sector.

Why we invested?

We chose to invest due to Atomgrid's strong founding team, which brings complementary skills and over a decade of collaboration. The company’s asset-light model, which avoids holding inventory, supports high margins and scalability. Within a few months of operations without any external capital, the founders created a strong customer pipeline and were able to fulfill an international order. We are confident in Atomgrid's potential to rapidly scale revenue and capitalize on the industry’s positive trends.