Scimplify is a platform for manufacturing specialized chemicals that has raised $5 million. A person  close to the deal told Entrackr, that the round will be led by Omnivore while existing investors are  planning to double its investment. The startup provides a science-first B2B platform to develop and offer affordable and reliable chemical solutions. 

Founded by Sachin Santhosh and Salil Srivastava, this startup develops, manufactures, and provides chemical manufacturing across industries including agrochemical, pharmaceutical, and personal care.  The company plans to expand its market to over 20 countries with four new chemical categories. The company aims to use this platform with the growing demand for specialized chemical solutions.  

Scimplify currently operates in Gujrat, Hyderabad, and Karnataka. After this round, the startup is  predicted to have a valuation of $20 to $25 million. The investment of impact venture capital firm  Omnivore shows their trust in the startup’s market potential and market growth. The startup offers  specialized chemicals for plant growth, emulsifiers, biostimulants, biofertilizers, and adjuvants, among  others. The startup data intelligence platform, The Kredible mentioned that 3one4 is the largest  stakeholder of the company with a 17% stake followed by Beenext with a 7% stake, and co-founders,  Sachin Santhosh and Salil Srivastava own a 65% stake in the company.  

Omnivore will make around 30 investments with $150 million in seed and series A rounds with the  participation of startups including Ecozen, Aquaconnect, DeHaat, Arya, Stellapps, and Pixxel. The fresh  proceeds from this round will be used to build specialized solutions for the enhanced platform, team  expansion, and scaling up operations to increase the performance capability of the platform. This  specialized chemical is predicted to increase, last month Merak Ventures a B2B Venture Capital Firm, invested Rs 10 crore in Atomgrid’s Seed fund. The startup competes with Atomgrid and Covvalent.  

CONCLUSION: 

Specialized chemical manufacturing platform, Scimplify is planning to raise $5 million in a round with  existing and new investors. The round will be led by Omnivore while existing investors are planning to  double their investment. Scimplify provides a science-first B2B platform to develop and offer  affordable and reliable chemical solutions. The startup develops, manufactures, and provides chemical  manufacturing across industries including agrochemical, pharmaceutical, and personal care.

The  company plans to expand its market to over 20 countries with four new chemical categories. After this  round, Scimplify is predicted to have a valuation of $20 to $25 million. The company aims to use this  platform with the growing demand for specialized chemical solutions. After this round 3one4 is  predicted to be the largest stakeholder of the company with a 17% stake followed by Beenext with a  7% stake, and co-founders, Sachin Santhosh and Salil Srivastava own a 65% stake in the company. The  specialized chemical market is predicted to grow more in the next few years. In the past few months,  specialized chemical platforms have managed to secure huge funding amounts including Atomgrid.