Manu Rikhye’s Post

We recently announced our investment in Atomgrid, a B2B managed marketplace for specialty chemicals. Admittedly, the depths of specialty chemicals were once a mystery to me, until a crash course with the maestros Siddharth Gupta, Lakshit Bansal, and Pratik Chowdhury! Their insights were nothing short of a masterclass, pulling back the curtain on an industry that, according to a 2022 KPMG report, is pivotal to India’s economy. Projected to swell from $178 billion in 2021 to a robust $304 billion by 2025, this sector makes up 7% of India's GDP. Yet, impressive as these figures are, they weren’t the deciding factor in our decision to invest. Our conviction in Atomgrid stems from the exceptional people behind it - Siddharth, Lakshit, and Pratik. Their extensive research, integrity in acknowledging the industry's challenges, and the innovative solutions they propose are what truly set them apart. This team has demonstrated not only a deep understanding of the market but also the humility and courage to innovate and lead effectively. Their passion, resilience, and maturity convince us they’re equipped to navigate any challenge and steer their venture to success. I'm genuinely excited about what lies ahead for Atomgrid and look forward to celebrating each milestone we'll reach together. #VentureCapital #StartUps #Innovation #ChemicalIndustry #WeAreMerak https://lnkd.in/dc4HwbF4

Merak Ventures leads seed funding for Atomgrid, a specialty chemical manufacturing platform - Times of India

Merak Ventures leads seed funding for Atomgrid, a specialty chemical manufacturing platform - Times of India

timesofindia.indiatimes.com

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