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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
livemint.com / 1 year ago
Specialty chemical startup Scimplify raises $40 million from Accel, others
Specialty chemicals manufacturing startup Scimplify has raised $40 million in a Series B funding round co-led by Accel and existing investor Bertelsmann India Investments.
The round also witnessed participation from UMI, 3one4 Capital and Omnivore. This brings the company’s total funding to around $54 million.
The fresh capital will drive the Bengaluru-based company’s global expansion, enabling it to scale exports beyond the 16 countries it currently serves while strengthening its presence in life sciences, crop sciences, and industrial chemicals.
ET first reported the deal on January 15.
Founded in 2023 by Salil Srivastava, Sachin Santhosh and Dheeraj Dhingra, Scimplify is a business-to-business (B2B) platform focused on end-to-end sourcing and manufacturing of specialty chemicals. It operates across the product lifecycle, from contract research to commercial-scale production, catering to industries such as pharmaceuticals, agrochemicals, and personal and home care, among others.
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The company integrates in-house scientific expertise with a network of over 200 specialised manufacturing plants in India, offering a «plug-and-play» model that allows global buyers to access cost-efficient production without setting up dedicated facilities.
Scimplify previously raised $9.5 million in August 2024 in a round led by Omnivore.
“As global supply chains undergo rapid shifts, global customers are actively seeking reliable partners who can provide enterprise-grade R&D and solutions for their specialty chemical
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markets
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21.05 / 09:47
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