Specialty chemicals startup Scimplify is set to raise Rs 181 crore (around $19.05 million) in its Series C funding round led by Hitachi Ventures. Existing investors 3one4 Capital, Accel India, Omnivore Capital, and Bertelsmann Nederland will also be joining the Series C round. The new round comes within a year of its$40 millionSeries B round led by Accel in August 2025 and other existing backers. The board at Scimplify has passed a special resolution to issue 12,647 Series C compulsorily convertible preference shares (CCPS) at an issue price of Rs 1,43,012 per share to raise Rs 180.87 crore (approximately $19.05 Million), according to its regulatory filings reviewed by Entrackr. Hitachi Ventures will invest Rs 76.15 crore in the Series C round, followed by 3one4 Capital with Rs 31.41 crore. Accel, Omnivore Capital and Bertelsmann Nederland will invest Rs 28 crore, Rs 24.55 crore and Rs 20.75 crore, respectively. As per Entrackr's estimates, the company's valuation will increase to approximately Rs 2,323 crore (around $245 million), up 114% from its previous valuation of around Rs 1,086 crore (approximately $128 million). The proceeds from the issue will be used for business expansion and general corporate purposes. Founded in 2023 by Salil Srivastava and Sachin Santhosh, Scimplify helps enterprises develop, manufacture and source specialty chemicals. Its platform serves pharmaceuticals, agrochemicals, personal care and other industrial sectors through a network of manufacturing partners. After the allotment of the Series C round, 3one4 Capital will remain the largest external shareholder with a 15.54% stake, followed by Accel India at 13.84%. Omnivore Capital Management Advisors and Bertelsmann Nederland will hold 12.14% and 10.26% stakes, respectively. New investor Hitachi Ventures will own a 3.28% stake, as perEntrackr’s analysis. ET had earlier reported that Scimplify was in talks to raise$30–40 million. Scimplify has yet to file its financial statements for FY26. In FY25, the company's operating revenue jumped more than 11X to Rs 200 crore from Rs 17.74 crore in FY24. At the same time, its losses also ballooned to Rs 25.38 crore in the fiscal year ending March 2025. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
