Speciality chemicals sourcing platform Scimplify to raise $5-M

Bengaluru and Dubai based Scimplify , a platform for all sourcing and manufacturing of specialty chemicals, is set to raise USD 5 million led by Omnivore along with existing investors.The deal will value Scimplify in the range of USD 20-25 million.Scimplify had raised USD 3.67 million in its seed round from 3one4 Capital and Beenext in December last year.Founded by Salil Srivastava and Sachin Santhosh, Scimplify is a B2B fulfillment platform operating across the product life cycle from contract research to commercial chemical manufacturing across industries such as pharmaceutical, personal care, and agrochemical. Currently, it has manufacturing facilities in Karnataka, Hyderabad and Gujarat.