Scimplify, a comprehensive platform for sourcing and manufacturing specialty chemicals, has successfully secured Rs 59 crore (roughly $7 million) in its Series A funding round from a combination of new and existing investors.
The board of Scimplify has approved a special resolution to sell 17,514 Series A CCPS (Compulsorily Convertible Preference Shares) at an issue price of Rs 33,676 apiece, with the aim of raising Rs 59 crore or $7 million.
Omnivore secured the highest investment of Rs 24.7 crore, followed by 3One4 Capital, Beenext Asia, and Bertelsmann with investments of Rs 13.56 crore, Rs 5.6 crore, and Rs 14.82 crore, respectively.
Read also – Kinetic Green Secures $20 Mn Funding Round from Greater Pacific Capital
Scimplify is a business-to-business (B2B) fulfillment platform that operates throughout the whole product life cycle, spanning from contract research to commercial chemical manufacture. It serves many industries, including pharmaceuticals, personal care, and agrochemicals.
Scimplify provides a range of products including emulsifiers, plant growth stimulators, biostimulants, adjuvants, and biofertilizers, among others.
About Scimplify
Founded in 2023 by Salil Srivastava and Sachin Santhosh, Scimplify is a science-first platform for end-to-end sourcing and manufacturing of specialty chemicals.
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