Distil raises $7.7 Mn in Series A round led by Jungle and CE Ventures

Distil, a speciality chemicals startup has secured $7.7 million in a Series A funding round led by Jungle Ventures and UAE’s CE-Ventures.

The round also saw participation from Rubamin, PI Industries vice chairperson Mayank Singhal, and its existing investor IndiaQuotient.

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The funds will be used to expand its product portfolio, strengthen enterprise partnerships and boost R&D for high-value industrial applications. The startup is also working to grow its export pipeline as global manufacturers look for reliable, cost-effective specialty chemical solutions. 

Earlier, the startup raised $3.1 million in a seed funding round last year, co-led by Jungle Ventures and IndiaQuotient.

“This round brings us investors who understand chemicals deeply and share our belief in an R&D-led, asset-light model. Their partnership strengthens our ability to scale faster, innovate continuously, and move closer to our ambition of becoming a trusted global partner by 2030,” Distil founder and chief operating officer Viraj Shah said.

“When we first partnered with Distil… we saw a team well-positioned to ride one of the biggest supply chain shifts of our time,” said Rishab Malik, Partner, Seed investments at Jungle Ventures. “In just over a year, they have built the R&D depth and market credibility to stand out in segments like paints and coatings and flavours and fragrances, and are already expanding into international markets such as the US and Middle East.”

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About Distil 

Founded in 2021 by Atanu Agarrwal and Viraj Shah, the Mumbai-based Distil provides customizable chemical solutions, including research, formulation, manufacturing, supply chain, and compliance services. The startup serves various sectors, including aroma and food, beauty and personal care, pharmaceuticals, coatings, adhesives, and more.

It partners with small and mid-sized plants for R&D and supply chain support and serves over 100 enterprise customers with a team of 19 scientists and engineers.

Distil has reached $7 million in annual sales, serving over 100 enterprise customers with a team of 19 scientists and engineers. The company aims to achieve $25–30 million in revenue and break-even within 12 months, with plans to acquire underutilized plants over the next five years.

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