Scimplifi, two others raise early-stage funding
Summary
Scimplifi has raised $3.7 million (Rs 30.6 crore) in seed funding from institutional investors 3one4 Capital and Beenext along with undisclosed angel investors from the chemical industry and the business-to-business (B2B) commerce space.The startup will use the funding to expand its manufacturing, hire talent and for research and development (R&D).Founded by Salil Srivastava and Sachin Santhosh, Scimplifi is a B2B platform for sourcing and manufacturing specialty chemicals. It also aims to shift to a 60% export-oriented model within the next year.Digital Paani has secured $1.2 million (Rs 10 crore) in a seed funding round led by Enzia Ventures. The round also saw participation from Peer Cheque, SAE, DevC, Bharat Founders Fund and global investors like Elemental Excelerator.The funds raised will be used to scale its technology to more wastewater treatment plants across India as well as expand to other markets. The companys internet-of-things (IoT)-based platform optimises plant operations to treat more wastewater, reduce downtime, and enable water reuse.The platform counts firms like Tata Power, Delhi Jal Board, Britannia, and Leela Hotels amongst others as part of its portfolio. It also aims to expand its presence in cities like the National Capital Region of Delhi, Mumbai, Bengaluru, Chennai, Pune, and Hyderabad.The funds will be utilised towards team expansion, improvement of its technology stack and logistics network.Established in 2021 by Amit Gupta and Tarun Sharma, AllTrak offers end-to-end solutions to diagnostic companies.