NuSynth Technologies Raises ₹36.5 Crore Seed Round to Develop AI-Assisted Chemical Processes for Pharma and Electronics
NuSynth Technologies, a Bengaluru-based specialty chemicals start-up, has raised ₹36.5 crore (about USD 4 million) in a seed round co-led by Avaana Capital and Shastra VC, Inc42 reported on 13 October 2026.
About the company: • Founded in 2026 by Poorvank Purohit, Ramesha A R, Abhishek Deo and Dipak Bajaj. • It combines chemical R&D with AI to develop alternative ways of making complex chemicals, starting with pharmaceutical and electronics chemicals. • It follows an asset-light model: rather than building plants, it partners with Indian manufacturers to scale its processes to industrial production.
The money will go into R&D and technology, an initial portfolio of proprietary chemical processes, scale-up capability and a larger team.
What it means for buyers and suppliers
For Indian contract manufacturers with spare reactor capacity, process-development start-ups like this are a new source of products to make under licence or toll arrangements. Pharma and electronics chemical buyers may see more local alternatives to imported intermediates if such processes reach plant scale.
Source: Inc42 (13 October 2026); other reports give the company's base as Mysuru. Photo: a rotary evaporator in a chemistry laboratory, a standard tool in process R&D (representative). Adimora chidinma, CC0, via Wikimedia Commons.