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

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. The startup will use the fresh capital to strengthen its R&D and technology capabilities, develop an initial portfolio of proprietary chemical processes, build scale-up capabilities, and expand its team. 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 makin