Speciality Chemicals Startup NuSynth Raises ₹36.5 Cr From Avaana Capital, Shastra VC

Bengaluru-based NuSynth Technologies secured ₹36.5 Cr (approximately $4 Mn) in seed funding from Avaana Capital and Shastra VC. The startup aims to bolster its research and development efforts, develop proprietary chemical processes, boost scale-up capabilities, and expand its workforce. Established in 2026 by Poorvank Purohit, Ramesha A R, Abhishek Deo, and Dipak Bajaj, NuSynth merges chemical research with artificial intelligence to devise alternative methods for producing complex chemicals, primarily for pharmaceuticals and electronics industries.

The company targets the shortcomings of traditional chemical synthesis, such as intricate multi-step procedures, elevated material and energy costs, reliance on imported intermediates, and the utilization of harmful chemicals. NuSynth re-examines starting materials, reaction pathways, and process economics to overcome these hurdles.

Avaana Capital highlights how NuSynth's methods aim to diminish reaction stages, eradicate hazardous substances, diminish temperature necessities, and substitute solvent-dependent processes with catalytic and water-based alternatives. The company follows a lean manufacturing approach, collaborating with Indian manufacturing associates to convert its laboratory research into large-scale production.

An R&D platform that integrates predictive synthesis models with an AI-driven engine supports this work. The engine transforms experimental data from each R&D phase into a unique knowledge base to expedite future molecule selection, experimentation, and commercial scale-up. Poorvank Purohit stated, "At NuSynth, we are returning to foundational principles – challenging established pathways, redesigning processes, and engineering them for commercial viability from the outset.

Our objective is to create proprietary processes in India that offer superior economics and sustainability, catering to customers across international markets." India boasts substantial capacity in chemical manufacturing, but developing proprietary synthesis processes could assist companies in addressing dependencies on imported intermediates and enhancing manufacturing economics.

This funding follows a surge in investments in India's deeptech sector, with Indian deeptech startups raising $290 Mn across 28 deals in Q3 2026, marking a 176% increase from $105 Mn across 29 deals in Q3 2025. This surpassed the overall startup ecosystem, where funding grew 5% to $2.2 Bn.