B2B fulfilment platform Scimplify raises $5M in a new funding round: Report

Scimplify, a platform for sourcing and manufacturing specialty chemicals, is reportedly raising $5 million in a new funding round. 

According to an Entrackr report, Omnivore led the round. Existing investors 3one4 Capital and Beenext are also participating in it. 

The funding comes just six months after Scimplify raised $3.67 million in its seed round from these same investors.

What does Scimplify do?

Founded by Salil Srivastava and Sachin Santhosh, Scimplify is a B2B fulfilment platform that supports the entire product life cycle, from contract research to commercial chemical manufacturing.

The startup serves various industries, including pharmaceuticals, personal care, and agrochemicals.

Scimplify's product portfolio includes emulsifiers, plant growth stimulators, biostimulants, adjuvants, and biofertilizers. This science-first platform is designed to manage end-to-end sourcing and manufacturing of specialty chemicals.

What is the purpose of fundraising?

During its last fundraising campaign, Scimplify announced its plans to expand its reach to 20 countries and introduce four new categories of chemicals.

With the new funding, The startup aims to further these goals. Currently, It operates manufacturing facilities in Karnataka, Hyderabad, and Gujarat. .

Scimplify competes with companies like Atomgrid and Covvalent in the B2B chemical sourcing and manufacturing space.