Mumbai: Tulon Materials, a Mumbai-based engineering startup focused on developing sustainable specialty chemicals and advanced materials, has raised ₹10 crore in a seed funding round to accelerate product development and commercialisation across multiple industrial sectors.
The funding round was led by investor Karthik Sundar Iyer, with participation from Karan Goshar and Prakhar Pandey, Partners at Valour Capital, along with investor Agam Shah.
The fresh capital will help the company scale its research and engineering capabilities while expanding the commercial deployment of its sustainable material technologies.
Funding to Accelerate Product Commercialisation
Tulon Materials said the newly raised funds will primarily be used to strengthen engineering capabilities and accelerate the commercialisation of its proprietary products.
The company plans to expand applications across industries including:
- Paints and coatings
- Printing inks
- Adhesives
- Advanced industrial materials
The investment is expected to support product development, customer validation, and market expansion as manufacturers increasingly seek sustainable alternatives to conventional chemical products.
Building Sustainable Specialty Chemicals
Founded in June 2022 by Asesh Sarkar, Rabindranath Mandal, and Harsh Bhatt, Tulon Materials focuses on developing high-performance specialty chemicals designed to improve industrial efficiency while reducing environmental impact.
The startup combines advanced materials engineering with sustainability-focused innovation to create next-generation chemical solutions for industrial applications.
Its products are aimed at helping manufacturers reduce dependence on traditional fossil-based raw materials while improving product performance.
Plastic Waste Upcycling Technology
One of Tulon Materials’ key innovations is its proprietary plastic waste upcycling platform, which converts difficult-to-recycle polymer waste into high-value chemical resins for industrial use.
The technology is designed to address two major industry challenges:
- Reducing plastic waste entering landfills
- Increasing the use of recycled materials in manufacturing
By transforming complex plastic waste into industrial-grade chemical resins, the company supports circular economy initiatives while creating value from discarded materials.
AI-Powered Research and Development
Tulon Materials is also integrating artificial intelligence (AI) into its research and development processes.
The company uses AI across several stages of material development, including:
- Chemical simulations
- Product validation
- Research workflows
- Material optimisation
According to the company, AI enables faster experimentation and shortens product development timelines, allowing new materials to reach commercial markets more efficiently.
Open Innovation Model
Alongside its in-house research efforts, Tulon Materials operates an open innovation platform that collaborates with industry partners, research institutions, and customers.
The collaborative approach helps accelerate:
- Product testing
- Application development
- Technology validation
- Commercial adoption
By working closely with industrial stakeholders, the startup aims to develop solutions that address real-world manufacturing challenges while supporting sustainable production.
Supporting the Circular Economy
Tulon Materials’ technology platforms are designed to promote more sustainable manufacturing by reducing dependence on virgin fossil-derived feedstocks.
Its material solutions support:
- Circular economy initiatives
- Lower-carbon manufacturing
- Sustainable industrial processes
- Resource efficiency
- Waste reduction
As industries increasingly focus on decarbonisation and sustainable supply chains, demand for innovative specialty chemicals is expected to continue growing.
Outlook
The ₹10 crore seed funding marks an important milestone for Tulon Materials as it expands its portfolio of sustainable specialty chemicals and advanced material technologies.
With increasing emphasis on circular manufacturing, plastic waste recycling, and AI-driven innovation, the startup is positioning itself to serve industries seeking environmentally responsible alternatives without compromising performance.
As India’s advanced materials and specialty chemicals ecosystem continues to evolve, companies like Tulon Materials are expected to play an increasingly important role in supporting cleaner industrial processes and accelerating the country’s transition toward a more sustainable manufacturing economy.
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Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape. She has written extensively on fintech, AI and emerging startups.