Scimplify Raises $40 Mn In Series B Round From Accel, Others

Scimplify, a Specialty chemicals manufacturing startup has raised $40 million in a Series B funding round co-led by Accel and existing investor Bertelsmann India Investments.

The round also saw participation from UMI, 3one4 Capital and Omnivore.

This funding increases Scimplify's total raised capital to $54 million, after its seed and Series A rounds.

The startup plans to use the fresh funds to expand its exports to more countries beyond the 16 it currently serves and to grow its presence in key industries like life sciences, crop sciences and industrial chemicals.

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“As global supply chains undergo rapid shifts, global customers are actively seeking reliable partners who can provide enterprise-grade R&D and solutions for their specialty chemical manufacturing requirements,” said Sachin Santhosh.

“At Accel, we have had a long-standing thesis that R&D-led specialty chemical companies which take advantage of the deep pool of manufacturing capabilities in India and globally can create global giants,” said Rachit Parekh, principal at Accel.

In August 2024, Scimplify raised $9.5 million in funding round led by Omnivore.

About Scimplify

Founded in 2023 by Salil Srivastava, Sachin Santhosh and Dheeraj Dhingra, Scimplify is a B2B platform that handles the entire process of sourcing and making specialty chemicals. It works with industries like pharmaceuticals, agrochemicals and personal care, helping from research to large-scale production.

Before starting Scimplify, Santhosh worked at B2B startups Bizongo and OffBusiness, where he helped improve procurement and supply chain processes for businesses. His co-founders, Salil Srivastava and Dheeraj Dhingra, both previously worked at Zetwerk, a company focused on manufacturing supply chains.

The company combines its own scientific knowledge with a network of over 200 specialized factories in India. This "plug-and-play" model lets global buyers get affordable production without needing their own facilities.

Since its inception, Scimplify has served over 600 customers and expects 40% of its revenue to come from international markets in the next 12 months.

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