The Scimplify Series C round is making waves in India’s deeptech and specialty chemicals space — as publicly reported on 2026-07-16, Bengaluru-based Scimplify is set to raise ₹181 crore (approximately $19.05 million) in a Series C funding round led by Hitachi Ventures. The round values the company at more than double its previous valuation, reflecting strong investor confidence in India’s specialty chemicals manufacturing opportunity. The deal has not yet been independently confirmed across multiple sources and should be treated accordingly.
Quick Highlights
- Founders: Salil Srivastava and Sachin Santhosh
- Lead Investor: Hitachi Ventures
- Participating Investors: 3one4 Capital, Accel India, Omnivore Capital, Bertelsmann Nederland
- Investor Background: Hitachi Ventures is the corporate venture arm of Hitachi, investing in Series A through C-stage startups across industrial automation, IT, and deep technology sectors
- Valuation: Over 2X jump from the Series B valuation of approximately $150 million, as publicly reported
- Headquarters: Bengaluru, Karnataka, India
- Announcement Date: 16 July 2026
Funding Breakdown
Use of Funds
As publicly reported, the fresh capital is intended to support Scimplify’s expansion into new global markets, including Japan and Europe, through joint ventures and partnerships outside India. The company also plans to deploy funds toward strengthening its B2B specialty chemicals platform and scaling manufacturing operations across its partner factory network.
Funding Timeline
Scimplify has built its capital base rapidly since its founding in 2023. The company raised $9.5 million in a Series A round in August 2024, led by Omnivore alongside Bertelsmann India Investments and existing investors 3one4 Capital and Beenext. It then closed a $40 million Series B round co-led by Accel and Bertelsmann India Investments in March 2025, which set its post-money valuation at approximately $150 million. The current Series C of ₹181 crore comes within a year of that Series B close, with Hitachi Ventures contributing ₹76.15 crore as lead, followed by 3one4 Capital (₹31.41 crore), Accel (₹28 crore), Omnivore Capital (₹24.55 crore), and Bertelsmann Nederland (₹20.75 crore), as publicly reported.
Expansion Plans
As publicly reported, Scimplify has identified Japan and Europe as its primary near-term expansion markets, with plans to form joint ventures and local partnerships in those geographies. The company already operates subsidiaries in Dubai and Indonesia and serves customers across 35 countries, with its B2B platform — ATOMS — connecting buyers to specialty chemical factories across India, China, Vietnam, Egypt, and Japan. The Series C is expected to accelerate this international footprint as geopolitical shifts increasingly drive global companies to diversify their specialty chemical supply chains away from single-region dependencies.
Significance
The Scimplify Series C is a strong signal that institutional capital — including corporate venture arms like Hitachi Ventures — is turning its attention to asset-light, platform-driven models in India’s specialty chemicals sector. The 2X-plus valuation jump from Series B to Series C, achieved within a single year, underscores how rapidly the company has scaled, with its operating revenue reportedly jumping more than 11X to ₹200 crore in FY25. Geopolitical pressures pushing global manufacturers to de-risk their chemical supply chains from China are structurally benefiting platforms like Scimplify, which bridges Indian manufacturing capacity to international enterprise buyers. Hitachi Ventures’ entry as lead investor also signals growing Japanese industrial interest in Indian deeptech, potentially opening new partnership corridors for the startup in Asia.
This deal is currently single-source and could not be independently confirmed against multiple publicly available reports as of 2026-07-16; the details above are drawn from regulatory filing analysis and publicly available pre-announcement reporting.
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Disclaimer: This report is compiled from publicly available sources and is for informational purposes only; funding figures are as publicly reported and may be subject to change.
