Distil, an R&D-led specialty chemicals platform, announced it has secured $3.1 million in a Seed funding round today. This round was led by Jungle Ventures and India Quotient, with participation from other prominent investors and operators.
Founded by IIT Bombay alumni Atanuu Agarrwal, Karan Hirani, and Viraj Shah, Distil offers fully customisable and scalable solutions through a tech-enabled platform for procurement of these specialty chemicals.
Viraj Shah, Co-founder and COO of Distil, added, “Our deep understanding of the sector, combined with our entrepreneurial experience, equips us to build Distil on a foundation of innovation and customer-focused solutions. We appreciate our partners and investors' confidence in our vision to deliver exceptional products and services globally.”
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Distil’s offerings, which include tailored formulations and custom manufacturing, are designed to help manufacturers meet specific performance, regulatory requirements. Its platform also claims to provide a seamless, tech-enabled purchasing process, ensuring consistent product quality, meeting quantity requirements, and reducing lead times and MOQs through a robust network of stock points across the country.
The newly secured capital will be used to expand its teams across sales, R&D, technical/procurement, marketing, and technology development. Additionally, Distil plans to develop proprietary products and establish itself as a trusted specialty chemicals franchise in the life sciences segment, including flavours and fragrances, food ingredients, pharma, and personal care, across India and key international markets such as the US, EU, and MENA region.
Rishab Malik, Partner, Seed investments at Jungle Ventures, said, “We are pleased to lead this funding round for Distil. Their focus on solving supply chain challenges through R&D and technology aligns perfectly with our investment philosophy. The founding team is exceptionally strong, with a mix of a second time founder and seasoned operators of with over 15 years of experience in the specialty chemicals domain. The right founder profiles addressing a big problem.”
