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Scimplify raises $40M to help manufacturers access specialty chemicals
Scimplify has raised $40 million in a new equity round backed by Accel to expand its presence in the U.S. and enter new markets.
Scimplify, an Indian startup that helps pharmaceutical and agriculture companies access a range of specialty chemicals, has raised $40 million in a new funding round co-led by Accel and Bertelsmann Investments to widen its footprint in the U.S. and reach new markets. Companies have mostly relied on Chinese suppliers to source such chemicals, but geopolitical tensions are increasingly pushing manufacturers to look for alternatives in other regions. Before Scimplify, Santhosh worked at the B2B startups Bizongo and OffBusiness, both of which helped streamline procurement and supply chain processes for businesses.
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