- Tulon Materials has raised ₹10 crore in a seed funding round to accelerate the development and commercialisation of its specialty chemicals and advanced materials portfolio.
- The funding will support engineering and commercialisation timelines for applications in paints, coatings, printing inks, and adhesives.
- Karthik Sundar Iyer led the investment round, which also included participation from Karan Goshar and Prakhar Pandey, partners at Valour Capital, and angel investor Agam Shah.
- A key part of Tulon's portfolio is its proprietary plastic waste upcycling technology, which converts complex polymer waste into high-quality chemical resins.
- The company was founded in 2022 and is recognised by DPIIT.
- Harsh Bhatt, Co-founder and CEO, stated that the funding will support IP growth, commercial validation, and specialty chemical applications.
- Tulon aims to position its indigenous, “Made in India” products for the European Union, which has stringent materials regulations and a growing demand for low-carbon industrial inputs.
Tulon Materials Private Limited has raised ₹10 crore in a seed funding round led by Karthik Sundar Iyer, with participation from Karan Goshar and Prakhar Pandey of Valour Capital, and angel investor Agam Shah.137
The funding will accelerate engineering and commercialization timelines for applications in paints, coatings, printing inks, and adhesives.2
Co-founder and CEO Harsh Bhatt stated, "This funding allows us to grow our IP portfolio, advance our upcycling technologies, and accelerate our validation timelines with enterprise partners globally."6
Tulon’s portfolio includes proprietary plastic waste upcycling technology that converts complex polymer waste into high-quality chemical resins, aligning with its commitment to climate stewardship and promoting circular economy outcomes.4
Iyer emphasized that Tulon represents a sophisticated approach to industrial deep tech, combining acute chemical expertise with modern digital execution. The company aims to position its indigenous, “Made in India” products for the European Union, a market with stringent materials regulations and a growing demand for low-carbon industrial inputs.
Tulon was founded in 2022 and is recognized by DPIIT. The company is currently validating multiple products with large multinational enterprises, although specific names were not disclosed.5
“Tulon Materials has successfully raised ₹10 crore in a seed funding round aimed at enhancing its specialty chemicals and upcycling technology. The funding will support engineering and commercialisation efforts across various applications, including paints and coatings.”
India CSR
