Speciality chemical manufacturing startup Scimplify has raised $25 Mn (around ₹238 Cr) in a fresh funding round led by Hitachi Ventures, the venture capital arm of Japan's Hitachi Group
The startup will use the fresh capital to expand its research, processing and manufacturing capabilities across rare earth and critical metals purification
The round also saw participation from existing backers such as Accel, Bertelsmann India Investments, 3one4 Capital and Omnivore, alongside Teknor Apex and Henkel
Speciality chemical manufacturing startup Scimplify has raised $25 Mn (around ₹238 Cr) in a fresh funding round led by Hitachi Ventures, the venture capital arm of Japan’s Hitachi Group.
The round also saw participation from existing backers such as Accel, Bertelsmann India Investments, 3one4 Capital and Omnivore. New investors including Teknor Apex, Henkel and an undisclosed Japanese chemical company also joined the round.
The startup will use the fresh capital to expand its research, processing and manufacturing capabilities across rare earth and critical metals purification. The funds will also go towards scaling its semiconductor chemicals and battery chemicals businesses.
A chunk of the capital will also be used to strengthen SciNode, Scimplify’s agentic AI platform that connects research, process development, control and physical manufacturing.
Founded in 2023 by Sachin Santhosh, Salil Srivastava, Dheeraj Dhingra and Hersh Manek, Scimplify is a B2B platform that specialises in end-to-end sourcing and manufacturing of speciality chemicals. It also offers contract research and commercial chemical manufacturing for agro-chemicals, active pharmaceutical ingredients and fragrances.
The startup currently operates R&D facilities in Bengaluru and Hyderabad, with its SciNode software platform supporting its manufacturing operations. Its network comprises more than 500 manufacturing partners and thousands of scientists and technical partners.
Prior to this, Scimplify had secured $40 Mn in its Series B funding round, co-led by Accel and Bertelsmann Investments, in March last year.
“In the 18 months since our initial investment, Scimplify has grown from serving 600+ customers across 16 countries to building a global platform with 1,000+ customers across 40+ countries,” Accel partner Rachit Parekh said.
Scimplify’s customers include Henkel, Coromandel, Dr Reddy’s, Coherent, Holcim, BASF, Sanyo, Marubeni, among others. The startup claims to operate across five countries and serves more than 1,000 customers across over 40 countries.
Going forward, Scimplify plans to expand its presence in the US, initially focusing on sectors where domestic processing capabilities remain limited. These will include rare earth and critical metals purification and processing as well as high-purity semiconductor and battery chemicals.
Scimplify’s latest fundraise comes as India looks to strengthen its position in the global chemicals value chain. Earlier this week, Bengaluru-based speciality chemicals startup NuSynth Technologies raised ₹36.5 Cr in a seed round co-led by Avaana Capital and Shastra VC.
Scimplify operates in the broader Indian deeptech sector, which continues to draw investor attention on the back of regulatory push, subsidies, innovative local solutions, a thriving talent pool and growing local demand.
Overall, Indian deeptech startups raised $290 Mn across 28 deals in Q3 2026, a 176% increase from $105 Mn across 29 deals in the year-ago period. The sector outpaced the broader Indian startup ecosystem, where funding grew 5% to $2.2 Bn.
Source: Inc42
