Specialty chemical startup Scimplify has raised $40 million in a Series B funding round co-led by Accel and Bertelsmann India Investments. UMI and existing investors also participated in the round, bringing Scimplify’s total funding to $54 million. The company, founded in mid-2023 by Salil Srivastava, Sachin Santhosh, and Dheeraj Dhingra, aims to address gaps in the chemical industry by offering an end-to-end manufacturing ecosystem.
Scimplify combines in-house scientific expertise with a network of over 200 specialized manufacturing plants across cost-efficient regions in India. Scimplify’s plug-and-play model allows global buyers to access India’s cost-efficient production capabilities without the burden of setting up dedicated manufacturing facilities. The startup caters to leading innovators and manufacturers across life sciences, crop sciences, and industrial chemicals in major markets including the US, Europe, and Japan.
Expanding Scimplify’s global footprint
The fresh funding will be used to scale Scimplify’s platform and expand its global footprint. The capital will accelerate export expansion beyond the 16 countries it currently serves, while also strengthening its presence in key industries.
“As global supply chains undergo rapid shifts, customers are actively seeking reliable partners who can provide enterprise-grade R&D and comprehensive solutions for their specialty chemical manufacturing requirements,” said Srivastava. Rachit Parekh, principal at Accel, stated, “The global supply chain for specialty chemicals is at an inflection point. Traditional manufacturing supply chains lack the flexibility required in today’s geopolitical environment as well as the rapid changes in end customer requirements.
Scimplify is building an R&D-led global manufacturing network which allows for flexibility coupled with innovation.”
Scimplify counts prominent industry figures such as Ashish Mohapatra and Ruchi Kalra from OfBusiness, Amrit Acharya and Srinath Ramakkrushnan from Zetwerk, former ITC Agri Business CEO Rajnikant Rai, and Capria Ventures partner Sanjiv Rangrass among its investors.
Photo by; Cytonn Photography on Unsplash
