Scimplify Secures $9.5 Million in Series A Funding

Scimplify, a specialty chemical startup based in Bengaluru, has successfully raised $9.5 million in Series A funding. The round was led by Omnivore, with additional support from Bertelsmann India Investments and existing backers 3one4 Capital and Beenext.

• Company Profile: Founded in 2023 by Salil Srivastava and Sachin Santhosh, Scimplify provides contract manufacturing for agrochemicals, pharmaceutical APIs, and flavors & fragrances.

• Market Position: The company offers contract research and manufacturing services across multiple sectors. It focuses on meeting the growing global demand for sustainable formulations and adapting to shifts in supply chains.

• Founder's Vision: Salil Srivastava highlights the potential for significant growth in India's specialty chemical sector, citing the capacity to double national output within five years.

• Strategic Focus: Scimplify is targeting international markets, driven by rising demand for sustainable products and shifts in global supply chains.

• Expansion Plans: Scimplify aims to use the funds to bolster its R&D efforts and expand its geographical reach.

This funding positions Scimplify to advance its mission of leading sustainable and affordable chemical solutions on a global stage.