The funding round saw the participation of several new and existing investors including HSBC Innovation Banking. The startup plans to use these fresh proceeds to scale its operations, expand its services, improve its manufacturing capability, and develop its market presence.

The company intends to use this investment to enter the Middle East, Asia, and Latin American markets. Mstack also wants to strengthen its presence in the United States and other regions. The company supplies and manufactures affordable specialty chemical solutions. The startup offers different chemical manufacturing solutions in industries across various sectors.

This investment shows investor’s trust in Mstack’s market potential and business model. The company plans to commercialize several proprietary molecules and formulations in the next 12 to 18 months while creating new revenue-generating opportunities in the chemical sector. The development came just after the specialty chemical sector saw an increase in investor interest.

The Mumbai-based startup aims to transform the specialty chemical market and open new revenue opportunities. The company provides a full-stack solution for providing specialty chemicals through a reliable supply chain network that ensures security against geopolitical disruptions.

This allows affordable pricing, strong quality, consistency, and reliability. Entrackr reported the development first. The specialty chemical startup currently offers its services in some states of India, and the United States, and aims to expand its services in other countries. The Reuters report showed that the company will have a valuation of around 90 to 100 million USD.  

The fresh investment raised from this round will enable the company to expand its services and develop specialized chemical solutions while increasing its performance capability. Mstack provides its solutions in four categories including home or personal care, water treatment, oil and gas, and coatings. The company also plans to offer its solutions in the pharmaceuticals and agrochemical market segment. The firm will also hire some new talents for research and development.

The specialized chemical manufacturer faces competition from other specialty chemical manufacturing companies such as Scimplify, Atomgrid, Chemxpert, Carbanio, and Covvalent. The major competitor of the startup Scimplify recently secured $9.5 million from Omnivore in its series A funding round.

Conclusion :

The distributor and manufacturer of the Specialized chemical, Mstack secured $40 million in its ongoing series A funding round from its existing and new investors. Lightspeed Ventures and Alphawave led the round with the participation of HSBC Innovation Banking. The company offers specialized chemical solutions in four categories: coatings, home and personal care, oil and gas, and water treatment.

The company provides its solutions through a reliable supply chain network to secure geopolitical disruptions. The startup plans to use this investment to enhance its solutions, advance its manufacturing process, and expand its services across the Middle East, Latin America, and Asia. The specialized chemical startup aims to strengthen its market presence in the United States.

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Scimplify is a platform to supply and manufacture specialty chemicals that have secured $9.5 million in its ongoing series A funding round from Omnivore and Bertelsmann. The specialized chemical startup manufactures biostimulants, emulsifiers, biofertilizers, and more products. The funding round had the participation of several new and existing investors including Beenext and 3one4Cpaital.  

The board previously approved a special resolution to allot 17,514 series A CCPS at an issue price of Rs  33,676 each to raise $7 million. The startup plans to use these fresh proceeds to scale its operations,  enhance its capabilities, increase its workforce, and expand its network. Founded by Salil Srivastava and Sachin Santhosh, this startup provides a B2B platform that supplies and develops affordable and reliable specialty chemical solutions.

The startup offers different chemical manufacturing solutions in industries across personal care, pharmaceuticals, and agrochemicals areas. This investment shows the trust of investors in Scimplify’s market potential and business model. The company plans to double its research and development teams while increasing its offerings in more geographies. The Scimplify website mentioned that the firm offers a science-first end-to-end contract manufacturing platform for pharmaceutical APIs, and flavors or fragrances. 

The Bengaluru-based startup plans to use this investment and expand its service in the global market across 20 countries. The company also plans to launch four new chemical categories this year. The specialty chemical startup currently offers its services in some states of India including Gujrat,  Hyderabad, and Karnataka. The startup raised $7 million in its previous series A funding round led by  existing investor Omnivore with a Rs 24.7 crore investment. The startup data intelligence platform, the kredible mentioned that the post-money allotment valuation of Scimplify before this round was 39  million USD.  

The fresh investment raised from this round will help the company develop more innovative specialized chemical solutions while increasing the firm’s performance capability. This development came just after the global specialized chemical sector saw increased investor interest.  The company has investors including Innoven Capital, Beenext, Panacea Services, and 3one4 Capital,  among others. The specialized chemical manufacturer faces competition from other companies in the same segment such as Atomgrid, Covvalent, LanzaTech, Quartzy, and Covvalent. The major competitor of the startup Covvalent recently secured $4.3 million from Nexus Ventures in its fresh funding round. 

Conclusion: 

Specialized chemical manufacturing platform, Scimplify secured $9.5 million in its ongoing series A  funding round from its existing and new investors. The round was led by Omnivore and Bertelsmann with the participation of 3one4 Capital and Beenext Asia. The company offers an online B2B platform with affordable and reliable specialized chemical solutions. The company manufactures specialized chemicals across different industries including pharmaceutical, agrochemical, and personal care. The startup plans to use this investment to enhance its solutions, advance its manufacturing process, and expand its services in over 20 countries. The specialized chemical startup aims to strengthen its market presence and revolutionize the specialized chemical sector globally. 

Suraj Verma

Suraj Verma has a passion for keeping the Business world informed through comprehensive coverage of Trending News and Startup News. His storytelling ability shines through captivating Startup Stories, while his expertise in curating Listings and analyzing Case Studies drives impactful results.

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