Indian specialty chemicals startup Scimplify is preparing to raise fresh funds as it continues to grow rapidly in the global chemicals market. The Bengaluru-based company is reportedly planning to raise around Rs 181 crore in a new funding round, which is expected to increase its valuation significantly.
The latest investment shows growing confidence among investors in Scimplify’s business model and its ability to connect Indian manufacturers with global customers. In just three years since its launch in 2023, the company has become one of the fastest-growing startups in India’s specialty chemicals sector.
Scimplify is helping Indian manufacturers reach global customers
Scimplify was founded by Salil Srivastava, Sachin Santhosh, and Dheeraj Dhingra. The company works as a Contract Development and Manufacturing Organization (CDMO), helping businesses develop and manufacture specialty chemicals.
Instead of building its own factories, Scimplify follows an asset-light business model. It works with more than 200 manufacturing plants across India and uses their production capacity to serve customers around the world.
The company’s technology platform, called ATOMS, connects verified Indian chemical manufacturers with global buyers. But Scimplify does much more than simply connect buyers and sellers. It supports the complete manufacturing process, starting from product development and laboratory testing to commercial production. It also manages quality checks, regulatory compliance, documentation, and logistics.
This model solves an important problem in India’s chemical industry. Many small and medium-sized chemical manufacturers have strong production capabilities but find it difficult to reach international customers. They often face challenges such as strict global regulations, limited market access, and complex supply chains. Scimplify helps these manufacturers overcome these issues by giving them access to global demand through a single platform.
The company has also benefited from changes in the global supply chain. Many international businesses are looking to reduce their dependence on China after the pandemic, trade tensions, and geopolitical challenges. At the same time, rising energy costs and strict environmental rules have made chemical manufacturing more expensive in Europe. This has created new opportunities for Indian manufacturers, and Scimplify is working to make the most of this shift.
To strengthen its research capabilities, Scimplify has set up the Scimplify Centre for Innovation in Hyderabad’s Genome Valley. The facility has a team of more than 30 scientists who work on developing new chemical processes and improving manufacturing methods. The company supports customers across industries such as pharmaceuticals, personal care, food, and industrial chemicals.
Strong revenue growth and fresh funding support expansion plans
Scimplify has recorded impressive financial growth in a short period. Its operating revenue increased from Rs 17.74 crore in FY24 to more than Rs 200 crore in FY25, showing how quickly its business has expanded.
The company has also crossed an annualised revenue run rate of around $100 million. While its losses increased during the same period as it invested heavily in growth, investors continue to back the company because of its long-term potential.
Since its launch, Scimplify has raised funding through seed, Series A, and Series B rounds. These investments came from well-known venture capital firms, including Accel, Bertelsmann India Investments, Omnivore, 3one4 Capital, and UMI. The company has used the funding to improve its technology platform, expand its research facilities, and grow its customer base in international markets.
The new funding round is expected to be led by Japanese investor Hitachi Ventures. If completed, it could value Scimplify at around Rs 2,323 crore, much higher than its previous valuation. Reports have also suggested that the company has explored raising a larger round with a small secondary sale, showing continued interest from investors.
Agrochemicals and overseas markets are the next big focus
Although Scimplify serves several industries, including pharmaceuticals, food, personal care, and industrial chemicals, the company is now placing a strong focus on agrochemicals.
It plans to become one of India’s leading agrochemical companies and is expanding across the entire value chain. This includes manufacturing chemical intermediates, technical active ingredients, and branded crop protection products. To lead this business, Scimplify has appointed industry veteran Sudheer Kumar as CEO of its agrochemicals division.
The company is also increasing its presence in international markets. It already has teams in several countries and serves customers across many global regions. Going forward, it plans to expand further in the United States, Europe, Japan, and Southeast Asia, where demand for reliable specialty chemical suppliers continues to grow.
Along with this, Scimplify is exploring new opportunities in advanced materials, semiconductor chemicals, electric motor applications, and defence-related chemicals through partnerships and joint ventures.
As more global companies look beyond traditional manufacturing hubs, Scimplify aims to become a trusted partner for specialty chemical production. With fresh funding expected to support its expansion plans, the startup is working towards making India a stronger player in the global specialty chemicals industry.