Highlights
Scimplify Secures Rs 181 Crore in Series C Funding
Specialty chemicals startup Scimplify has announced plans to raise Rs 181 crore (approximately $19.05 million) in a Series C funding round, with leadership from Hitachi Ventures. This new funding effort sees participation from existing investors such as 3one4 Capital, Accel India, Omnivore Capital, and Bertelsmann Nederland. This funding round follows just a year after their Series B round, which raised $40 million in August 2025, also led by Accel and supported by other current investors.
Details of the Funding Round
According to regulatory filings reviewed by Startup Superb, Scimplify’s board has approved the issuance of 12,647 Series C compulsorily convertible preference shares (CCPS) at an issue price of Rs 1,43,012 per share, totalling Rs 180.87 crore (around $19.05 million). Hitachi Ventures will contribute Rs 76.15 crore, while 3one4 Capital will invest Rs 31.41 crore. Other contributions include Accel at Rs 28 crore, Omnivore Capital at Rs 24.55 crore, and Bertelsmann Nederland at Rs 20.75 crore.
Impact on Company Valuation
Based on estimates from Startup Superb, the company’s valuation is projected to increase to around Rs 2,323 crore (approximately $245 million), representing a 114% growth from its prior valuation of about Rs 1,086 crore (approximately $128 million). The funds generated from this issuance are aimed at accelerating business expansion and covering general corporate needs.
About Scimplify
Established in 2023 by Salil Srivastava and Sachin Santhosh, Scimplify assists enterprises in the development, manufacturing, and sourcing of specialty chemicals. The platform supports various sectors, including pharmaceuticals, agrochemicals, personal care, and other industrial areas, utilising a network of manufacturing partners.
Following the Series C round’s allotment, 3one4 Capital is set to retain its position as the largest external shareholder with a 15.54% stake, while Accel India will hold 13.84%. Omnivore Capital Management Advisors and Bertelsmann Nederland are expected to possess 12.14% and 10.26% stakes, respectively. New investor Hitachi Ventures will have a 3.28% stake, according to Startup Superb’s analysis.
Future Financial Prospects
Earlier reports from ET noted that Scimplify was negotiating to raise between $30 million to $40 million. The startup has not yet filed its financial statements for FY26. Nevertheless, in FY25, the operating revenue saw an impressive increase, reaching Rs 200 crore, up from Rs 17.74 crore in FY24. However, losses surged to Rs 25.38 crore for the fiscal year concluding in March 2025.