Accel-backed chemicals startup Scimplify eyes up to $100 million investment to expand overseas operations
BENGALURU
: Specialty chemicals startup Scimplify is in advanced talks to raise $70-100 million in a Series C financing round from new and existing investors, including early-stage venture capital firm Accel, according to two people familiar with the matter. The deal could be among the largest investments ever made in a next-generation industrial company.
The Bengaluru-based firm, which was last valued at $150 million after a $40 million fundraise in March, could more than double in value if the deal goes through, strengthening plans to expand its international operations to the United States and Japan, two people said on condition of anonymity.
Scimplify and Accel declined to comment MintEmailed inquiries from .
Financing rush in industrial technology
Venture investors in India are racing to back startups in fast-growing industrial sectors such as manufacturing, chemicals, defense and renewable energy, especially those that blend deep technology with traditional industries. This trend reflects efforts by private equity and venture capital firms to identify the next wave of companies that can strengthen supply chains and drive India’s export-led growth.
Sector-focused funds such as Madhusudan Kela’s Singularity AMC, Amicus Capital, Trifecta Capital and Capital-A have emerged to target these high growth areas. Mint It was reported in July.
Many big deals took place in the sector this year. VIP Industries raised $206 million in a round led by Multiples. Euler Motors raised $75 million from GIC and British International Investments, while Rangsons Aerospace raised capital in a round led by ValueQuest.
According to Venture Intelligence, such firms have raised close to $1.9 billion in the first six months of 2025; This represents nearly 60% of last year’s total of $3.2 billion across 123 deals.
Global production platform
Founded in 2023 by Salil Srivastava, Sachin Santhosh and Dheeraj Dhingra, Scimplify follows a B2B model focusing on end-to-end sourcing and manufacturing of specialty chemicals. Provides contract research and commercial-scale production for companies in the pharmaceutical, agricultural chemicals, personal care and home care industries.
Through a network of more than 200 specialized manufacturing facilities in India, Scimplify offers a plug-and-play manufacturing model that allows global buyers to access local capacity without building dedicated facilities. It has offices in the Middle East and Indonesia and has served clients in 16 countries.
The company has raised $54 million to date. Its latest round of $40 million in March was co-led by Accel and Bertelsmann India Investments, with participation from early backers 3one4 Capital, Omnivore and UMI. As of March 2025, it served over 600 customers.
All three co-founders worked in similar fields before founding Scimplify. Srivastava and Dhingra are directors at Khosla Ventures and Accel-backed unicorn Zetwerk, while Santhosh was business head at B Capital-backed Bizongo after a 1.5-year stint at IPO-bound OfBusiness.
