PE Fund Investments
Speciality chemicals maker Scimplify raises $40-M led by Accel, Bertelsmann
Bengaluru-based speciality chemical manufacturing startup Scimplify has raised USD 40 million (around INR 348 crore) in a Series B funding round co-led by Accel India and Bertelsmann India Investments with participation from UMI and existing investors, including Omnivore Partners and 3ONE4 Capital.The fresh proceeds will be used to expand the firm’s presence overseas and enhance its platform.Founded in 2023 by Sachin Santosh and Salil Srivastava, Scimplify is a B2B (business-to-business) platform that specialises in end-to-end sourcing and manufacturing of speciality chemicals. It claims to offer comprehensive solutions for the global specialty chemical industry with an emphasis on green manufacturing, quality and innovation.
Between Nov 2023 and Jun 2024, Scimplify had attracted about USD 14 M from 3ONE4 Capital, Beenext, Bertelsmann India Investments, Omnivore Partners, Alteria Capital and InnoVen Capital.For FY24, Scimplify had reported about INR 18 Cr in Operating Income and about INR 2 Cr in Net Loss.
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