Scimplify, a startup that offers specialty chemical and advanced material manufacturing infrastructure for large companies, is in discussions to raise $30-40 million from a consortium of Japanese investors led by Hitachi Ventures, three people aware of the development said.
The round, which will also see participation from some domestic and existing investors, will value Scimplify at around $300 million post-money, one of them said. This is double the $150 million valuation at which it raised $40 million in March 2025 from Accel and Bertelsmann India.
“The transaction includes a small secondary component with some early investors offloading their stake,” another person said.
Founded in 2023 by Sachin Santhosh, Salil Srivastava, and Dheeraj Dhingra, Scimplify aggregates excess capacities at factories for clients across India, the US, West Asia, and Indonesia. It now plans to expand into Japan and Europe.
The business-to-business (B2B) platform focuses on end-to-end sourcing and manufacturing of specialty chemicals. It operates across the product lifecycle, from contract research to commercial-scale production, catering to industries such as pharmaceuticals, agrochemicals, and personal and home care, among others.
“The company has been engaging closely with large corporations and manufacturers on joint product development and contract manufacturing. These fundraising conversations have followed from those engagements,” a person said, adding that the discussions are around partnerships in areas such as advanced materials, semiconductors, electric motors, and specialty chemicals.
This person said that Scimplify is currently tracking an annualised revenue run rate of around $100 million (approximately Rs 800-900 crore). In fiscal 2025, it had reported revenues of over Rs 200 crore.
“Scimplify has customers in more than 35 countries and teams in five countries, besides India. Following the fundraise, one of the things on its agenda is forming joint ventures and partnerships with companies outside India and go-to market together with them,” the person cited above said.
The fresh round comes as global investors increasingly back companies aligned with the theme of building alternative manufacturing supply chains amid rising geopolitical uncertainty. In December, ET had reported that Silicon Valley-based venture capital firm General Catalyst is looking to step up investments in manufacturing, spacetech, artificial intelligence (AI), and defence-linked technologies in India, while also exploring partnerships with large domestic conglomerates as part of a broader “global resilience” investment thesis.
Other large VC firms including Accel and Peak XV Partners have also taken multiple wagers on manufacturing amid a wider government effort to spur large-scale production across consumer and defence sectors in India. Scimplify's early investors include 3one4 Capital, Beenext and Omnivore.
“Geopolitical tensions are prompting a rethink. This is a decades-old industry with deeply entrenched supply chains, but companies are now actively seeking alternatives. There’s a clear shift towards asset-light models, with firms wanting flexibility rather than being tied to a single factory. At the same time, they still need partners with the technical depth and expertise to develop these materials and chemicals,” an investor who has backed Scimplify said.
The round, which will also see participation from some domestic and existing investors, will value Scimplify at around $300 million post-money, one of them said. This is double the $150 million valuation at which it raised $40 million in March 2025 from Accel and Bertelsmann India.
“The transaction includes a small secondary component with some early investors offloading their stake,” another person said.
Founded in 2023 by Sachin Santhosh, Salil Srivastava, and Dheeraj Dhingra, Scimplify aggregates excess capacities at factories for clients across India, the US, West Asia, and Indonesia. It now plans to expand into Japan and Europe.
The business-to-business (B2B) platform focuses on end-to-end sourcing and manufacturing of specialty chemicals. It operates across the product lifecycle, from contract research to commercial-scale production, catering to industries such as pharmaceuticals, agrochemicals, and personal and home care, among others.
“The company has been engaging closely with large corporations and manufacturers on joint product development and contract manufacturing. These fundraising conversations have followed from those engagements,” a person said, adding that the discussions are around partnerships in areas such as advanced materials, semiconductors, electric motors, and specialty chemicals.
This person said that Scimplify is currently tracking an annualised revenue run rate of around $100 million (approximately Rs 800-900 crore). In fiscal 2025, it had reported revenues of over Rs 200 crore.
“Scimplify has customers in more than 35 countries and teams in five countries, besides India. Following the fundraise, one of the things on its agenda is forming joint ventures and partnerships with companies outside India and go-to market together with them,” the person cited above said.
The fresh round comes as global investors increasingly back companies aligned with the theme of building alternative manufacturing supply chains amid rising geopolitical uncertainty. In December, ET had reported that Silicon Valley-based venture capital firm General Catalyst is looking to step up investments in manufacturing, spacetech, artificial intelligence (AI), and defence-linked technologies in India, while also exploring partnerships with large domestic conglomerates as part of a broader “global resilience” investment thesis.
Other large VC firms including Accel and Peak XV Partners have also taken multiple wagers on manufacturing amid a wider government effort to spur large-scale production across consumer and defence sectors in India. Scimplify's early investors include 3one4 Capital, Beenext and Omnivore.
“Geopolitical tensions are prompting a rethink. This is a decades-old industry with deeply entrenched supply chains, but companies are now actively seeking alternatives. There’s a clear shift towards asset-light models, with firms wanting flexibility rather than being tied to a single factory. At the same time, they still need partners with the technical depth and expertise to develop these materials and chemicals,” an investor who has backed Scimplify said.
