Chemical Sourcing Platform Scimplifi Secures $3.67M in Seed Funding from 3one4 Capital and BEENEXT

• ByStartupStory     |    December 7, 2023

Platform for sourcing and manufacturing specialty chemicals, Scimplifi, has secured $3.67 million in its seed funding round, drawing investment from 3one4 Capital and BEENEXT. The company intends to utilize the raised capital to bolster its core team, focusing on business expansion, value engineering, and technological advancements, as stated in their press release.

Founded by Salil Srivastava and Sachin Santhosh, Scimplifi functions as an end-to-end B2B fulfillment platform operating throughout the product life cycle, encompassing contract research to commercial chemical manufacturing. Its services span across various sectors, including pharmaceuticals, personal care, and agrochemicals.

The company aims to transition to a 60% export-oriented model within the coming year, planning expansion into 20 countries and venturing into four additional chemical categories. To support research, Scimplifi plans to incorporate labs in three more categories.

One of Scimplifi’s unique features is its technology map, showcasing over 100 manufacturing plants involved in multiple chemistries. This map serves as a tool to effectively link buyer demand with suitable factories, enhancing the platform’s efficiency.

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