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

What happened

Bengaluru-based NuSynth Technologies has raised ₹36.5 Cr (about $4 Mn) in a seed funding round co-led by Avaana Capital and Shastra VC. Founded in 2026 by Poorvank Purohit, Ramesha A R, Abhishek Deo and Dipak Bajaj, NuSynth combines chemical R&D with AI to develop alternative processes for making complex chemicals, initially focusing on pharmaceuticals and electronics chemicals.

The startup aims to address challenges associated with conventional chemical synthesis, including complex, multi-step processes, high material and energy costs, dependence on imported intermediates, and the use of hazardous reagents. To address these challenges, NuSynth re-evaluates starting materials, reaction pathways, and process economics. According to Avaana Capital, its processes seek to reduce reaction steps, eliminate hazardous reagents, lower temperature requirements, and replace solvent-intensive processes with catalytic and water-based alternatives.