Scimplify plans to use the fresh funds to double down on its R&D capabilities and expand to more geographies
The startup’s services encompass contract research and commercial chemical manufacturing across sectors, including agrochemicals, active pharmaceutical ingredients, and flavours and fragrances
Scimplify already engages in cross-border trade with countries, including the UAE, Egypt, New Zealand, Vietnam, Jordan, and Taiwan
Speciality chemical manufacturing startup Scimplify has raised $9.5 Mn in its Series A funding round, which was led by Omnivore and Bertelsmann India Investments. Existing investors 3one4 Capital and Beenext also participated in the round.
The startup plans to use the fresh funds to double down on its R&D capabilities and expand to more geographies comprising its key customer segments.
Founded in 2023 by Sachin Santosh and Salil Srivastava, Scimplify is a B2B platform, which specialises in end-to-end sourcing and manufacturing of speciality chemicals. The startup was launched to enable comprehensive solutions for the global specialty chemical industry with an emphasis on green manufacturing, quality and innovation.
Scimplify’s services encompass contract research and commercial chemical manufacturing across sectors, including agrochemicals, active pharmaceutical ingredients, and flavours and fragrances.
Commenting on the fresh fundraise, cofounder Srivastava said that while the backbone of Indian speciality chemical manufacturing is mid-sized factories that have built in-depth, chemistry-specific expertise over decades, there is significant capacity available to double the national output in the next five years.
“Scimplify brings together unique products to these factories using cutting-edge R&D along with consistent demand from global customers to utilise these capacities and provide a tech-enabled, full-stack offering to the modern agile customer,” Srivastava said.
As an international player, Scimplify already engages in cross-border trade with countries, including New Zealand, the UAE, Egypt, Vietnam, Jordan, and Taiwan. The startup believes that it is strategically positioned to cater to a substantial customer base in India and across the globe given the increasing demand and shifts in global supply chains away from China.
Mark Kahn, managing partner of Omnivore, said that Scimplify is meeting global demands and positioning India as a leader in sustainable manufacturing of chemical intermediaries by streamlining R&D and manufacturing of sustainable formulations.
“Their approach satisfies regulatory requirements, consumer needs, and environmental concerns, elevating industry standards,” Kahn added.
Prior to this funding round, Scimplify raised $3.67 Mn in total.
As per a report, the global speciality chemicals market size was valued at $800 Bn in 2023, which is expected to reach $1.04 Tn by 2029 with increasing demand from cosmetics, automotive, packaging, and pharmaceutical industries. China and India are leading manufacturers and exporters of speciality chemicals.
