Scimplify Secures $40 Million in Series B Funding to Expand Global Reach

Scimplify Secures $40 Million in Series B Funding to Expand Global Reach

Bengaluru-based specialty chemicals startup, Scimplify, has successfully raised $40 million in its Series B funding round. The round was co-led by Accel and Bertelsmann India Investments, with participation from UMI, Omnivore, and 3one4 Capital. This latest investment brings the company’s total funding to $54 million across its seed and Series A rounds.

Founded in 2023 by Salil Srivastava, Sachin Santhosh, and Dheeraj Dhingra, Scimplify offers a full-stack platform for sourcing and manufacturing specialty chemicals. The company leverages a network of over 200 specialized manufacturing plants across India, providing global buyers with cost-efficient production capabilities through a plug-and-play model.

The fresh capital will be used to accelerate Scimplify’s international expansion, extending its reach beyond the 16 countries it currently serves. Additionally, the funds will strengthen its presence in key industries such as life sciences, crop sciences, and industrial chemicals.

Co-founder Salil Srivastava stated, “We started Scimplify with the vision of bringing India’s highly specialized manufacturing capabilities to a global customer base. With Accel joining our journey, we are committed to building a next-gen global manufacturing company.”

The funding highlights the growing demand for R&D-led manufacturing solutions in the specialty chemicals sector, as global supply chains undergo significant shifts. Scimplify’s innovative approach positions it as a key player in addressing these evolving industry needs.

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