Tulon Materials Raises ₹10 Crore Seed Funding to Scale Sustainable Specialty Chemicals
One of the company's core innovations is a proprietary technology that converts difficult-to-recycle plastic waste into high-performance chemical resins for industrial use.
Mumbai-based specialty chemicals startup Tulon Materials has raised ₹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 company plans to use the fresh capital to accelerate the engineering, product development, and commercialization of its specialty materials for applications across paints and coatings, printing inks, and adhesives.
Founded in June 2022 by Asesh Sarkar, Rabindranath Mandal, and Harsh Bhatt, Tulon Materials develops research-driven specialty chemicals and advanced materials for industrial applications, with a focus on sustainability and circular manufacturing.
One of the company’s core innovations is a proprietary technology that converts difficult-to-recycle plastic waste into high-performance chemical resins for industrial use. According to the startup, the technology aims to reduce plastic waste while enabling manufacturers to incorporate recycled materials into their products.
Beyond its product portfolio, Tulon Materials operates an open innovation platform that collaborates with industrial partners, research institutions, and customers to accelerate product validation, application development, and commercial adoption.
The company also integrates artificial intelligence into chemical simulation, material design, validation, and research workflows to shorten product development cycles and improve engineering efficiency.
According to Tulon Materials, its material platforms are designed to reduce dependence on virgin fossil-based feedstocks, lower the carbon footprint of industrial manufacturing, and promote circular economy practices across multiple industries.