Scimplify Raises $25 Million Led by Hitachi Ventures to Build Specialty Chemicals Manufacturing in India

Specialty chemicals are a quiet but large business, and global companies are looking for new places to source them. Scimplify, a Bengaluru company that develops, manufactures and sources specialty chemicals for other businesses, raised $25 million in a round led by Hitachi Ventures, according to Fortune's Term Sheet newsletter on October 15, 2026.

Henkel, Teknor Apex Company, Accel, 3one4 Capital, Bertelsmann India Investments and Omnivore joined the round. The list mixes industrial companies with venture funds, which suggests customers and suppliers see value in the business as well as financial investors.

The Amount Needs a Caveat

Earlier reports described a different figure. Filing-based coverage said Scimplify was set to raise about Rs 181 crore, roughly $19 million to $21 million depending on the exchange rate, in a Series C led by Hitachi Ventures. A report in March 2026 said the company was in talks to raise $30 million to $40 million from Japanese investors led by Hitachi Ventures. The final size may have changed, and I could not find the company's own announcement, so this article uses the $25 million figure reported on October 15 and notes the earlier ranges.

What Scimplify Does

Founded in 2023 by Salil Srivastava and Sachin Santhosh, Scimplify helps companies in pharmaceuticals, agrochemicals and personal care develop, manufacture and source specialty chemicals. In effect, it acts as a link between buyers who need a specific compound and the factories that can make it. Earlier funding includes a Series A of about $9.5 million led by Omnivore and Bertelsmann and a Series B of about $40 million co-led by Accel and Bertelsmann India Investments, with sources differing on the date of the Series B.

Why Industrial Investors Matter

When companies such as Henkel and Teknor Apex invest, they may also become customers or partners. That can speed up sales, but it can also tie a startup closely to a few large buyers, so founders should weigh the benefits against the risk of dependence.

What This Means for Founders

Scimplify shows that a young Indian company can attract global industrial investors by solving a supply problem that large buyers face. It also shows how rounds can change size between first reports and the final announcement.

If you are raising a Series A or later, make sure the amount and investors you tell the market match your final documents. Show how many customers account for most of your revenue, and ask each lead investor how it views strategic investors in the round. Consider also how a strategic's rights may affect dilution and future financings.

Browse the deep technology investor directory for more active funds, read the baseline mechanics of a limited partner if the term is new, or explore active capital on AngelLinx @ angellinx.ai/register.

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