R&D-led engineering startup Tulon Materials has raised Rs 10 crore in a seed funding round led by investor Karthik Sundar Iyer. The round also witnessed participation from Karan Goshar and Prakhar Pandey, partners at Valour Capital, along with Agam Shah.
The fresh capital will be deployed to accelerate the engineering and commercialization of the company’s specialty chemical solutions for applications across paints and coatings, printing inks, and adhesives, the company said in a press release.
Founded in June 2022 by Asesh Sarkar, Rabindranath Mandal, and Harsh Bhatt, Mumbai-based Tulon Materials develops high-performance specialty chemicals and advanced materials for industrial applications with a strong emphasis on sustainability and innovation.
One of the company’s key innovations is its plastic waste upcycling technology, which converts complex polymer waste into industrial-grade chemical resins. The technology is designed to promote the adoption of circular materials while addressing the growing challenge of plastic waste management.
Beyond product development, Tulon operates an open innovation platform that collaborates with industry partners, research institutions, and customers to accelerate product validation and application development. The company also leverages artificial intelligence (AI) across chemical simulation, material validation, and R&D workflows to significantly reduce product development timelines.
According to the company, its proprietary material platforms are designed to reduce dependence on virgin fossil-derived feedstocks, enable lower-carbon industrial manufacturing, and support circular economy initiatives across industries such as paints, coatings, adhesives, and printing.
As industries increasingly seek sustainable alternatives to conventional chemical materials, Tulon Materials aims to bridge the gap between advanced material science and commercial-scale manufacturing through innovation-driven research and environmentally responsible technologies.
The latest funding is expected to strengthen the startup’s R&D capabilities while accelerating the commercialization of next-generation specialty chemicals, positioning Tulon Materials to capitalize on the growing demand for sustainable industrial materials in India and global markets.
