Tulon Materials Private Limited, a research-driven company specializing in high-performance and sustainable specialty chemicals, has announced the successful closure of a ₹10 crore seed funding round. The investment was led by Karthik Sundar Iyer, with participation from Karan Goshar and Prakhar Pandey—partners at Valour Capital, investing in their individual capacities—along with angel investor Agam Shah.
Founded by Asesh Sarkar, Dr. Rabindranath Mandal, and Harsh Bhatt, Tulon Materials benefits from more than 80 years of combined expertise in the chemical industry. Leveraging this extensive experience, the company develops proprietary specialty chemicals and advanced materials engineered to meet demanding industrial performance standards while promoting sustainability. The newly raised capital will be utilized to speed up product engineering, commercialization efforts, and market expansion across sectors including paints and coatings, printing inks, and adhesives.
Tulon has adopted a “revenue-first, deep-tech” business model, focusing on developing commercially viable intellectual property that addresses existing industrial challenges without compromising long-term innovation. Its product development strategy is designed to deliver superior performance, lower production costs, and enhanced sustainability compared to conventional chemical solutions.
A major highlight of Tulon’s technology portfolio is its proprietary plastic waste upcycling platform, which transforms difficult-to-process polymer waste into premium-quality chemical resins. This innovation contributes to addressing the growing global plastic waste problem while supporting circular economy initiatives. In addition, the company operates an open innovation ecosystem that encourages collaboration with industrial partners, research organizations, and international customers to accelerate product validation and application development.
Artificial intelligence also plays an integral role in Tulon’s research and development process, enabling faster chemical simulations, validation, and automated R&D workflows. This significantly shortens product development timelines compared to traditional experimental methods.
As part of its long-term sustainability vision, Tulon is developing material technologies that help reduce carbon emissions, minimize dependence on virgin fossil-based raw materials, and encourage circular manufacturing practices. The company is also preparing its Made-in-India specialty chemical solutions for international markets, particularly the European Union, with several products currently undergoing technical evaluation by leading multinational corporations.
Commenting on the funding, Harsh Bhatt, Co-founder and CEO of Tulon Materials, said that the company was established to bridge the gap between scientific innovation and commercial execution. He noted that Tulon focuses on building scalable material technologies that enhance industrial efficiency while supporting sustainability goals. According to him, the fresh capital will strengthen the company’s intellectual property portfolio, accelerate advancements in plastic upcycling technologies, and speed up product validation with enterprise customers across global markets.
Lead investor Karthik Sundar Iyer praised Tulon’s unique combination of deep chemical expertise and technology-driven execution. He stated that by targeting large industrial markets with advanced specialty chemical solutions, the company is laying the foundation for a resilient, globally competitive business capable of driving long-term innovation in the sector.