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Chemical manufacturing Startup 'Scimplify' nets $9.5 million in Series A

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Scimplify, a platform-based start-up for obtaining and manufacturing of specialty synthetics, has lifted $9.5 million up in its Series A funding round driven by Omnivore, close by Bertelsmann India Investments and existing financial backers 3one4 Capital and Beenext.

With this new funding round, the startup intends to down twofold on its Research and development capacities and add more locations where key client sections lie.

Scimplify is a business-to-business fulfillment platform that operates throughout the product life cycle, from contract research to commercial chemical manufacturing in pharmaceutical, personal care, and agrochemical sectors.

It was founded by Salil Srivastava and Sachin Santhosh. A science-first, end-to-end contract manufacturing platform for agrochemicals, pharmaceutical APIs, and flavors and fragrances can be found on the company’s website.

Atomgrid, founded in Bengaluru and led by Merak Ventures, raised $1.2 million in its seed round in May of this year. Another major player in the market, Covvalent, raised $4.3 million, led by Nexus Ven.

Speaking to this, Salil Srivastava, Co-Founder of Scimplify, in a statement says, “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 together 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”, he added.

Similarly, Rohit Sood, Managing Partner of Bertelsmann India Investments says “We are excited to partner with Salil & Sachin on their venture to create value in the speciality chemicals industry through a full stack approach. Their unique science, technology and supply-first approach is best suited to leverage the increasing diversification of global supply chains while providing a big boost to the nation's ‘Made In India’ drive”.

Mark Kahn, Managing Partner of Omnivore notes, “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.