Funding · Climate, Energy & Sustainability

Tulon Materials raises ₹10 Cr seed funding to scale sustainable specialty chemicals

What they do

Tulon Materials develops sustainable specialty chemicals, plastic upcycling, and deep-tech IP for industrial applications

The company raised ₹10 crore in a seed funding round led by Karthik Sundar Iyer, with participation from Karan Goshar, Prakhar Pandey, and Agam Shah

The funding will accelerate engineering and commercialization of products for paints, coatings, printing inks, and adhesives

Tulon Materials raised ₹10 crore in a seed funding round to scale its sustainable specialty chemicals and plastic upcycling technologies.
Karthik Sundar Iyer led the round, with Karan Goshar, Prakhar Pandey, and Agam Shah participating as investors.
Tulon Materials focuses on creating proprietary specialty chemicals and advanced materials that meet industrial standards while advancing sustainability.
Plastic waste upcycling is a core part of Tulon’s portfolio, converting complex polymer waste into high-quality chemical resins.
Artificial intelligence is integrated into chemical simulation, validation, and R&D workflows to compress development cycles.
Tulon Materials is positioning its 'Made in India' products for the European Union, where demand for low-carbon industrial inputs is growing.
Multiple products are currently undergoing technical validation by large multinational enterprises.

Tulon Materials follows a 'revenue-first, deep-tech' strategy, emphasizing the creation of highly commercializable intellectual property.
The company's founders bring eight decades of combined experience in the chemical industry, supporting its technical depth.
Tulon Materials is recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), placing it within India's formal startup ecosystem.
The company's open innovation platform facilitates collaboration with industry partners, research institutions, and global customers.

Tulon Materials develops high-performance, sustainable specialty chemicals and advanced materials for industrial applications.
The company's core innovation is a proprietary plastic waste upcycling technology that converts complex polymer waste into industrial-grade chemical resins.
Tulon Materials uses AI in chemical simulation, validation, and R&D workflows to reduce product development timelines.
The company's products are designed to reduce reliance on virgin fossil-derived feedstocks and support circular economy initiatives.
Tulon Materials is targeting international markets, including the European Union, where demand for sustainable industrial materials is growing.
The company's open innovation model allows collaboration with industry partners, research institutions, and customers for rapid validation and application development.

Tulon Materials plans to accelerate engineering and commercialization of its specialty chemical solutions for paints, coatings, printing inks, and adhesives.
The company aims to expand its presence in international markets, particularly the European Union.

Karthik Sundar Iyer (lead) — Investor and lead in the seed funding round.
Karan Goshar (participated (personal capacity)) — Partner at Valour Capital.
Prakhar Pandey (participated (personal capacity)) — Partner at Valour Capital.
Agam Shah (angel) — Angel investor.

Product: Proprietary specialty chemicals and advanced materials for industrial applications including plastic waste upcycling technology for chemical resins
Customers: Industrial manufacturers in paints, coatings, printing inks, and adhesives sectors
How it makes money: B2B licensing and supply of specialty chemicals with revenue-first deep-tech commercialization approach
What sets it apart: Proprietary plastic waste upcycling technology and AI-powered chemical simulation and validation; open innovation model collaborating with industry partners