VC Fund Investments
B2B platform for specialty chemicals Covvalent raises $4.3 M from Nexus, others
Covvalent, a Gurugram-based specialty chemicals platform, has raised USD 4.3 million in a seed round led by Nexus Venture Partners. Angel investors Vishal Chaudhary (Co-founder, Zetwerk), Ramakant Sharma (Founder, Livspace), Rajesh Yabaji (Founder, BlackBuck), Rehan Khan (MD, MSD India Region), Jawaid Iqbal, Anubhav & Ankit Singh (Co-founders, Rupifi) and Kaushal Soparkar (Founder, Meghmani Group) also participated in the round. Covvalent aims to solve sourcing and procurement challenges in the global specialty chemicals industry. It will use the funds to build its product and business teams and strengthen technology to ensure a match between customer specifications and supplier's output. These tools are aimed at cross-border commerce, including on-time delivery of products with complete visibility of the supply chain.
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