Distil Secures $3.1 Million in Seed Funding

Preeti Bali / 7:06 am / June 21, 2024

Distil, a pioneering specialty chemicals platform, has secured $3.1 million in a seed funding round. The round was led by Jungle Ventures and India Quotient, with participation from other notable investors. This investment marks a significant milestone for Jungle Ventures, representing their first India Seed investment under the First Cheque program, designed to support experienced entrepreneurs in the early stages of their ventures.

Founded by a team with deep expertise in specialty chemicals, supply chain management, and finance – Atanuu Agarrwal, Karan Hirani, and Viraj Shah – Distil offers a unique value proposition. Through its tech-enabled platform, Distil provides manufacturers with fully customizable and scalable solutions for specialty chemical procurement.

Distil’s Tailored Approach Empowers Manufacturers

Distil goes beyond simple product sourcing. Their offerings encompass custom formulations and manufacturing, enabling manufacturers to meet specific performance and regulatory requirements. The platform streamlines the purchasing process, ensuring consistent product quality, fulfillment of quantity needs, and faster turnaround times. Additionally, Distil’s network of strategically located stock points across the country minimizes minimum order quantities (MOQs), providing greater flexibility for manufacturers.

Addressing Inefficiencies in the Specialty Chemicals Landscape

The traditional specialty chemicals value chain is known for its inefficiencies. Distil tackles these challenges head-on by leveraging the combined expertise of its founding team. Their platform addresses pain points at every stage, streamlining the procurement process and optimizing outcomes for both manufacturers and suppliers.

Distil’s Vision: A Trusted Partner for Specialty Chemicals

With this funding, Distil plans to invest in the development of proprietary products, solidifying their position as a trusted specialty chemicals partner in the life sciences segment. Their focus areas include flavors and fragrances, food ingredients, pharmaceuticals, and personal care products. Distil’s vision extends beyond India, with ambitions to establish a presence in key international markets like the US, EU, and the MENA region.

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