Tulon Materials, an R&D-led engineering startup developing high-performance and sustainable specialty chemicals, has raised Rs 10 crore in a seed funding round led by investor Karthik Sundar Iyer. The round also saw participation from Karan Goshar and Prakhar Pandey, partners at Valour Capital, along with Agam Shah. The fresh capital will be used to accelerate engineering and commercialisation of products for applications in paints and coatings, printing inks, and adhesives, the company said in a press release. Founded in June 2022 by Asesh Sarkar, Rabindranath Mandal, and Harsh Bhatt, the Mumbai-based startup develops proprietary specialty chemicals and advanced materials for industrial applications with a focus on sustainability. Its portfolio includes a plastic waste upcycling technology that converts complex polymer waste into chemical resins for industrial use, aiming to support circular material adoption and address plastic waste challenges. Tulon also operates an open innovation platform that works with industry partners, research institutions, and customers to accelerate product validation and application development. The company uses artificial intelligence across chemical simulation, validation, and R&D workflows to shorten development timelines. According to the company, its material platforms are designed to reduce reliance on virgin fossil-derived feedstocks, enable lower-carbon industrial processes, and support circular economy initiatives across its target sectors. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
