• Scimplify raised $40 million in a Series B round co-led by Accel and Bertelsmann Investments, bringing its total funding to $54 million.
  • The startup specializes in end-to-end sourcing and manufacturing of specialty chemicals and operates in over 15 countries with 150+ factories.

Bengaluru-based specialty chemical startup Scimplify has raised $40 million (INR 348 Cr) in a Series B funding round co-led by Accel and Bertelsmann Investments. The funding round also saw participation from UMI and existing investors, including Omnivore and 3one4 Capital. With this round, Scimplify’s total funding to date stands at $54 million.

The startup plans to utilize the newly raised capital to expand its overseas presence and enhance its platform. In a statement, Scimplify highlighted that the funds will drive export growth beyond the 16 countries it currently serves and strengthen its presence in industries such as life sciences, crop sciences, and industrial chemicals.

Founded in 2023 by Santosh and Salil Srivastava, Scimplify operates as a B2B platform specializing in end-to-end sourcing and manufacturing of specialty chemicals. It provides solutions tailored to the global specialty chemical industry, focusing on green manufacturing, quality, and innovation.

The company’s services span contract research and commercial chemical manufacturing across sectors, including agrochemicals, active pharmaceutical ingredients, and flavors and fragrances.

“Over the past year and a half, we have built great momentum and with Accel coming into this partnership, we remain steadfast in building a global R&D-led manufacturing company that brings a new-age approach to the modern customer,” said Srivastava.

Currently, Scimplify engages in cross-border trade with countries such as New Zealand, the UAE, Egypt, Vietnam, Jordan, and Taiwan. It has a manufacturing network of over 150 factories and operates in more than 15 countries.

In August 2023, Scimplify raised $9.5 million in Series A funding, led by Omnivore and Bertelsmann India Investments, with participation from 3one4 Capital and BEENEXT.

According to Inc42’s Indian Tech Startup Funding Report 2024, startups in India have raised over $12 billion across 993 deals, reflecting a 20% increase from 2023. Funding is projected to reach $15 billion in 2025, marking a 25% increase from 2024.

Edited by Harshajit Sarmah