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Specialty chemical startup Mstack raises $40 million from Lightspeed, Alpha Wave, others

Economic TimesEconomic Times ยท 1y ago
Specialty chemical startup Mstack raises $40 million from Lightspeed, Alpha Wave, others
Medial

- Specialty chemical startup Mstack secures $40 million in funding round led by Lightspeed Venture Partners and Alpha Wave Global - Funding includes a debt facility from HSBC Innovation Banking and participation from other angel investors - Mstack plans to utilize the funds for strengthening R&D efforts, building a leadership team, expanding talent base, and scaling operations in Middle East, South America, and Asia - The company operates a custom manufacturing platform to help buyers source specialty chemicals from a tech-enabled network of capacities in low-cost production countries - Mstack offers a wide range of specialty chemicals in sectors such as oil and gas, coatings, water treatment, home and personal care, with plans to expand into agrochemicals and pharmaceuticals - The specialty chemicals sector is attracting investor interest due to the increasing demand for chemical solutions across various industries.

Specialty chemicals startup Atomgrid raises $7 Mn in pre-Series A

EntrackrEntrackr ยท 27d ago
Specialty chemicals startup Atomgrid raises $7 Mn in pre-Series A
Medial

Bengaluru-based specialty chemicals startup Atomgrid has raised $7 million in a pre-Series A round through a mix of equity and debt. The equity portion of the round was led by A99, with participation from Sadev Ventures, CDM Capital, and existing investor Merak Ventures. Alongside equity, the firm has secured venture debt from Trifecta, SIDBI, and RevX. Prior to this, Atomgrid had raised $1.25 million in May last year. The proceeds will be used to expand its international presence and accelerate product development. Founded by Siddharth Gupta and Lakshit Bansal, Atomgrid operates as a full-stack specialty chemicals platform focused on integrating the value chain through distribution, R&D, and proprietary product development. Atomgrid currently derives over 50% of its revenue from exports and works with more than 150 active customers across 15 countries. Over the last 18 months, the startup has completed two funding rounds and is targeting nearly threefold revenue growth in FY26 compared to FY25. Atomgrid competes with 3one4 Capital-backed Scimplifi and Nexus-backed Covvalent.

Atomgrid raises Rs 10 Cr in seed round led by Merak Ventures

EntrackrEntrackr ยท 1y ago
Atomgrid raises Rs 10 Cr in seed round led by Merak Ventures
Medial

Atomgrid, an R&D-first platform for contract development, manufacturing and sourcing of specialty chemicals, has raised Rs 10 crore (around $1.2 million) in its seed round led by Merak Ventures. The round also saw participation from Dexter Ventures, Upsparks, Point One Capital and UniCardsโ€™s founders Nitin Gupta and Prateek Jindal. The proceeds will be used to expand its in-house R&D infrastructure, increase global outreach, build a supply chain tech platform and hirings, the firm said in a press release. Founded by Lakshit Bansal, Siddharth Gupta and Pratik Chowdhury, Atomgrid is an R&D first platform for contract development, manufacturing and sourcing of specialty chemicals. The platform aims to empower Indian chemical manufacturers to establish a global footprint by solving critical challenges faced by them on R&D, global outreach, raw material sourcing and tech enablement. Atomgrid competes with 3one4 Capital-backd Scimplifi and Nexus-backed Covvalent. The investment in Atomgrid marks Merakโ€™s third significant investment of the year. Previously, it invested in Farmtheory and Rupyz.

Specialty chemicals startup Scimplify raises $40 Mn in Series B round

EntrackrEntrackr ยท 11m ago
Specialty chemicals startup Scimplify raises $40 Mn in Series B round
Medial

Scimplify, a platform for sourcing and manufacturing specialty chemicals, has raised $40 million in a Series B funding round co-led by Accel and Bertelsmann India Investments, with participation from UMI and existing investors, including Omnivore and 3one4 Capital. This funding brings Scimplifyโ€™s total capital raised to $54 million, following its seed and Series A rounds. The fresh capital will accelerate Scimplifyโ€™s export expansion beyond the 16 countries it currently serves while strengthening its presence in key industries such as life sciences, crop sciences, and industrial chemicals, the company said in a press release. Many manufacturers struggle with sourcing raw materials, navigating regulatory requirements, and scaling up production to meet global demand. Scimplify addresses these challenges by offering an end-to-end manufacturing ecosystem, combining in-house scientific expertise with a network of over 200 specialized manufacturing plants across cost-efficient regions in India. Founded by Salil Srivastava and Sachin Santhosh, Scimplify is a B2B fulfillment platform that operates across the product life cycle, from contract research to commercial chemical manufacturing, serving industries such as pharmaceuticals, personal care, and agrochemicals. The companyโ€™s plug-and-play model enables global buyers to leverage Indiaโ€™s cost-efficient production capabilities without the burden of setting up dedicated manufacturing facilities. โ€œAs global supply chains undergo rapid shifts, customers are actively seeking reliable partners who can provide enterprise-grade R&D and comprehensive solutions for their specialty chemical manufacturing needs. Over the past year and a half, we have built great momentum, and with Accel joining this partnership, we remain steadfast in building a global R&D-led manufacturing company that brings a new-age approach to the modern customer,โ€ said Srivastava. The Bengaluru-based company serves major markets, including the US, Europe, and Japan. Scimplify competes with Mstack, Atomgrid, Covvalent, Distil, and Elchemy.

Travel products platform Escape Plan raises $25 Mn led by Jungle Ventures

EntrackrEntrackr ยท 18d ago
Travel products platform Escape Plan raises $25 Mn led by Jungle Ventures
Medial

Travel products platform Escape Plan raises $25 Mn led by Jungle Ventures Co-founded in 2025 by Abhinav Pathak and Abhinav Zutshi, Escape Plan is a travel products platform built around the needs of the modern Indian traveller. Escape Plan has raised $25 million in a Series A funding round led by Jungle Ventures, along with participation from Fireside Ventures and strategic investor IndiGo Ventures, the corporate venture capital arm of IndiGo. The Bengaluru-based startup had previously mopped up $5 million in a funding round led by Jungle Ventures through its First Cheque@Jungle initiative, along with Fireside Ventures and several angel investors, in July last year. The proceeds will be deployed to strengthen its brand, pricing, and distribution across India and select international markets. This includes deepening its omni-channel presence across metros, tier I and tier II cities, expanding its physical retail footprint to over 200 stores, and increasing availability across major travel hubs and corridors. Escape Plan is a travel products platform built around the needs of the modern Indian traveller. The company curates and creates luggage, accessories, and mobility solutions across multiple travel use cases. It operates across online marketplaces, direct-to-consumer channels, and a rapidly expanding retail network across India. Escape Plan claims it is currently operating at an annualised revenue run rate of over Rs 300 crore, driven by demand across cities, channels, and a wide range of travel use cases. The company also plans to enter select international geographies aligned with Indian outbound travel. Escape Plan also aims to strengthen its technological capabilities to build deeper control across the value chain. The company will invest in core tech systems to improve speed, availability, and consistency across channels, while advancing product innovation through design-led and sustainability-focused materials. The brand sells both in-house and partner-manufactured products through its own platform. It competes with other D2C players such as Mokobara, Nasher Miles, Uppercase, and Acefour Accessories in Indiaโ€™s fast-growing travel gear market.

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