India, Jan. 13 -- Speciality chemicals startup Atomgrid has raised $7 Mn (around INR 58 Cr) in its pre-Series A funding round led by a99 VC, along with participation from Sadev Ventures, CDM Capital and existing investor Merak Ventures.

The startup raised the funding in a mix of equity and debt. The debt capital was provided by the likes of Trifecta, SIDBI and RevX.

Atomgrid plans to deploy the fresh capital to expand its export capabilities, set up on-ground teams and offices across key international markets, and fast-track R&D for the development and launch of new products.

Founded by IIT-BHU alumni Siddharth Gupta, Lakshit Bansal, and Pratik Chowdhury, Atomgrid is an R&D-driven platform focussed on contract development, manufacturin...