Tulon Materials raises Rs. 10-crore seed funding to scale sustainable chemicals portfolio

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Specialty chemical startup Tulon Materials has raised Rs. 10-crore in a seed round led by investor Karthik Sundar Iyer, with additional participation from Karan Goshar, Prakhar Pandey (Valour Capital), and Agam Shah. The funding will accelerate engineering and commercialisation of Tulon’s high‑performance, sustainable specialty chemicals for paints & coatings, printing inks, and adhesives.

Founded in June 2022 by Asesh Sarkar, Rabindranath Mandal, and Harsh Bhatt, the Mumbai‑based startup develops proprietary specialty chemicals and cutting-edge materials with a strong sustainability focus. Its portfolio includes a plastic‑discarded materials upcycling methodology that converts complex polymer discarded materials into manufacturing‑grade resins, supporting circular material adoption and addressing plastic discarded materials challenges.

Tulon also operates an open innovation platform that collaborates with sector partners, research institutions, and customers to accelerate product validation and consumption research. The company integrates artificial intelligence across chemical simulation, validation, and R&D workflows to shorten research timelines and enhance material performance.

According to Tulon, its material platforms are designed to decrease reliance on virgin fossil‑derived feedstocks, enable reduce‑carbon manufacturing processes, and support circular economy initiatives across target sectors.

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