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Specialty chemicals marketplace Mstack bags $40 million funding

Business Today · 7m

- Manufacturing platform Mstack secures $40 million in funding from investors including Lightspeed, Alphawave, and HSBC Innovation Banking. - Mstack aims to disrupt the specialty chemicals supply chain by providing a reliable and secure solution for global buyers. - The funding will support Mstack's expansion into the Middle East, Latin America, and Asia, while strengthening its presence in the United States and other key regions. - Mstack plans to commercialize multiple chemicals through its R&D team in India and establish advanced labs for innovation and custom formulations. - The company leverages its network of approved specialty chemical capacities in low-cost regions like India and the Middle East to offer preferential pricing without compromising on quality. - Mstack's platform allows buyers to source, test, ship, deliver, and track specialty chemicals in one place, currently serving industries such as oil and gas, coatings, water treatment, and home/personal care.