{"id":154818,"date":"2025-09-23T07:05:08","date_gmt":"2025-09-23T07:05:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/154818\/"},"modified":"2025-09-23T07:05:08","modified_gmt":"2025-09-23T07:05:08","slug":"distil-raises-7-7-mn-in-series-a-led-by-jungle-and-ce-ventures","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/154818\/","title":{"rendered":"Distil raises $7.7 Mn in Series A led by Jungle and CE Ventures"},"content":{"rendered":"

Distil, a specialty chemicals startup, has raised $7.7 million in Series A funding led by Singapore\u2019s Jungle Ventures and UAE\u2019s CE-Ventures, the corporate venture capital platform of Crescent Enterprises, with participation from strategic investors Rubamin, PI Industries Vice Chairperson Mayank Singhal, and India Quotient.\u00a0<\/p>\n

This brings Distil\u2019s total funding to date to $10.8 million. In June last year, the startup had raised $3.1 million<\/a> in its seed round led by Jungle Ventures through its First Cheque@Jungle platform.\u00a0<\/p>\n

The proceeds will be deployed to expand its product portfolio, strengthen enterprise partnerships, and deepen R&D efforts to serve high-value industrial applications. Distil is also focused on enhancing its export pipeline as global manufacturers seek reliable and cost-efficient alternatives in specialty chemicals.<\/p>\n

Founded in 2021 by Atanu Agarrwal and Viraj Shah, Distil develops advanced specialty chemicals used in paints & coatings, plastics, and construction materials. It runs an R&D-first, asset-light model, leveraging India\u2019s underutilized chemical manufacturing capacity to scale production without heavy capex.<\/p>\n

The startup claims to have scaled rapidly, growing from pre-revenue to $7 million in annual sales, while serving over 100 enterprise customers and building a 19-member R&D and engineering team.<\/p>\n

Earlier this year, Scimplify, a platform for sourcing and manufacturing specialty chemicals, had raised<\/a> $40 million in a Series B funding round co-led by Accel and Bertelsmann India Investments. It also competes with Mstack<\/a>, Atomgrid<\/a>, Covvalent<\/a>, and Elchemy<\/a>.<\/p>\n

Disclaimer:<\/p>\n

Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here<\/a>.<\/p>\n

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