Distil, a Specialty chemicals platform has raised $3.1 million in a Seed funding round backed by Jungle Ventures and India Quotient, with participation from other investors and operators. 

This is Jungle’s first India Seed investment since the launch of First Cheque, a program for partnering with second-time entrepreneurs and seasoned operators at ideas, pre-seed, and seed stages.

As per the startup, the funding will be used to expand its teams across sales, research and development and other areas.

The company also plans to develop proprietary products and establish itself as a specialty chemicals franchise in the life sciences segment, which includes flavours and fragrances, food ingredients, pharmaceuticals and personal care.

Distil | A Specialty chemicals Platform

Founded by Atanuu Agarrwal, Karan Hirani, and Viraj Shah, Distil provides with a fully customisable and scalable solutions via a tech-enabled platform for procurement of these specialty chemicals.

Distil’s offerings, which include formulations and custom manufacturing, are designed to help manufacturers meet specific performance, regulatory requirements. Its platform also provides 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 specialty chemicals value chain has traditionally been plagued with inefficiencies. Distil addresses these pain points at each stage of the value chain by leveraging the expertise of its founding team spanning specialty chemicals, supply chain, and finance.

Speaking about the investment, Rishab Malik, partner of seed investments at Jungle Ventures, said,

“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 with over 15 years of experience in the speciality chemicals domain”.

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