This Mumbai startup turns unrecyclable plastic into paint and adhesive chemicals

Tulon Materials raised Rs 10 crore from investors including Karthik Sundar Iyer, Valour Capital partners, and angel investor Agam Shah.

The startup converts unrecyclable plastic waste into specialty resins for paints, printing inks, and adhesives.

It uses AI-powered chemical simulation and an open innovation platform to compress R&D timelines.

The company targets the European Union market with its 'Made in India' products, undergoing validation with multinational enterprises.

Tulon was founded in June 2022 by chemical industry veterans Asesh Sarkar, Dr Rabindranath Mandal, and Harsh Bhatt.