Scimplify, a Bengaluru-based startup specializing in the manufacturing of specialty chemicals, has successfully raised USD 9.5 million in a Series A funding round. The round was led by Omnivore, a prominent venture capital firm, with additional participation from Bertelsmann India Investments and existing investors 3one4 Capital and Beenext.
Strategic Investment for R&D
This new round of funding will enable Scimplify to enhance its research and development (R&D) capabilities, a core aspect of its business model. Additionally, the company plans to expand its reach into new geographical markets where its key customer segments are located. Scimplify’s focus on sustainable and science-driven chemical solutions positions it to meet growing global demands for eco-friendly products.
Mark Kahn, Managing Partner of Omnivore, expressed confidence in Scimplify’s mission: “Scimplify’s science-driven platform delivers affordable, sustainable agrochemicals and green chemistry intermediaries. By streamlining R&D and manufacturing of sustainable formulations, they’re meeting global demands and positioning India as a leader in sustainable manufacturing of chemical intermediaries. Their approach satisfies regulatory requirements, consumer needs, and environmental concerns, elevating industry standards.”
Growing Presence in Specialty Chemicals
Founded in 2023 by Salil Srivastava and Sachin Santhosh, Scimplify offers a comprehensive, science-first contract manufacturing platform. The company specializes in agrochemicals, pharmaceutical active pharmaceutical ingredients (APIs), and flavors and fragrances. With a strong emphasis on sustainability, Scimplify aims to support the global green transition by providing innovative chemical solutions.
The startup is strategically positioned to capitalize on several market trends, including the global shift in supply chains away from China and towards India, as well as manufacturing incentives from the Indian government. These factors have led to increased demand for new formulations and sustainable chemical products, making Scimplify an attractive partner for both domestic and international customers.
Leveraging India’s Manufacturing Capabilities
Salil Srivastava, Co-founder of Scimplify, highlighted the potential of India’s specialty chemical manufacturing sector: “The backbone of Indian specialty chemical manufacturing are mid-sized factories that have built in-depth, chemistry-specific expertise over decades. However, there is significant available capacity to double the national output in the next 5 years with the given infrastructure. Scimplify brings unique products to these factories using cutting-edge R&D along with consistent demand from global customers to utilize these capacities and provide a tech-enabled, full-stack offering to the modern agile customer.”
Scimplify’s recent funding and strategic focus on R&D and expansion underline its commitment to becoming a leader in sustainable specialty chemicals, both in India and on the global stage.
