Bengaluru-based Scimplify raises $7 million in funding: Report

Scimplify, a Bengaluru-based startup specializing in the sourcing and manufacturing of specialty chemicals, has reportedly raised Rs 59 crore in a Series A funding round led by Omnivore, a well-known venture capital firm

The round also saw participation from 3One4 Capital, Beenext Asia, and Bertelsmann.

"The board at Scimplify has passed a special resolution to issue 17,514 Series A CCPS at an issue price of Rs 33,676 each to raise Rs 59 crore or $7 million, Entrackr reported citing the company's regulatory filing with the Registrar of Companies.

Who invested and how much?

The report said Omnivore led the round with a Rs 24.7 crore investment, followed by 3One4 Capital with Rs 13.56 crore, Beenext Asia with Rs 5.6 crore, and Bertelsmann with Rs 14.82 crore.

What does Scimplify do?

Founded in 2023 by Salil Srivastava and Sachin Santhosh. Scimplify is a B2B fulfilment platform pperating throughout the entire product life cycle—from contract research to commercial chemical manufacturing. 

The startup serves a diverse range of industries, including pharmaceuticals, personal care, and agrochemicals, offering products such as emulsifiers, plant growth stimulants, biostimulants, adjuvants, and biofertilizers.