Page 140 - CW E-Magazine (20-8-2024)

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SPECIALITY CHEMICALS STARTUP

Scimplify raises $9.5-mn in Series A funding

Speciality chemical manufacturing capacity to double the national output
startup Scimplify has announced that it in the next 5 years with the given in-
has raised $9.5-mn in Series A funding. frastructure. Scimplify brings together
The round was led by Omnivore, along- unique products to these factories using
side Bertelsmann India Investments cutting edge R&D along with consis-
and existing investors 3one4 Capital tent demand from global customers to
and Beenext. utilise these capacities and provide a
tech-enabled, full-stack offering to the
Scimplify is a leading specialty modern agile customer,” Mr. Srivas-
chemicals company in India offering a tava, stated in a press release.
science-fi rst, end-to-end contract manu- Scimplify to enable comprehensive solu-
facturing platform for agrochemicals, tions for the global specialty chemical “Scimplify’s science-driven platform
pharmaceutical APIs, and fl avours & industry with an emphasis on green delivers affordable, sustainable agro-
fragrances. manufacturing, quality, and innova- chemicals and green chemistry interme-
tion. With this new round, the company diaries. By streamlining R&D and manu-
Based out of Bengaluru, Scimpli- plans to double down on their R&D facturing of sustainable formulations,
fy was founded in 2023 by Mr. Salil capabilities and add more geographies they’re meeting global demands and posi-
Srivastava and Mr. Sachin Santhosh. where key customer segments lie. tioning India as a leader in sustainable
Mr. Srivastava previously led the chemicals manufacturing of chemical intermediar-
vertical at Zetwerk and began his career “The backbone of Indian specialty ies. Their approach satisfi es regulatory
with ITC Ltd., while Mr. Santhosh is an chemical manufacturing are mid-sized requirements, consumer needs, and envi-
IIT-Madras alumnus who was earlier factories that have built in-depth, chemis- ronmental concerns, elevating industry
with Bizongo and began his career with try specifi c expertise over decades. standards,” said Mr. Mark Kahn, Manag-
OfBusiness. The founders launched However, there is signifi cant available ing Partner, Omnivore.
SUSTAINABLE PACKAGING

DRDO scientists develop PBAT-based biodegradable

packaging
A team of scientists at the Defence to traditional polyethene bags at Rs. this eco-friendly solution reach a broad
Research and Development Organi- 140 per kg, DRDO and its partners are audience,” said Dr. Veerabrahmam.
sation (DRDO) has developed a poly- committed to keeping these biodegrad-
butylene adipate-co-terephthalate able bags cost-effective. By sharing the The potential applications of this
(PBAT)-based biodegradable pack- technology free of charge and fostering technology extend beyond carry bags
aging that decompose within three collaborations, we aim to scale up pro- to medical waste bags, aprons, garbage
months, leaving no harmful residue. duction and distribution effi ciently. This bags, nursery bags, shrink fi lms, and
approach ensures that the benefi ts of packing fi lms.
Dr. K. Veerabrahmam, Scientist,
DRDO and his team at Advanced Sys- Goldstab sets up new subsidiary in UAE
tems Laboratory of DRDO at Hydera-
bad developed the biodegradable pack- Plastic additives specialist, Gold- advancing our sales and market deve-
aging the technology for which has been stab Organics, has announced the lopment efforts in Middle East. It will
shared with over 40 industries free of opening of a new subsidiary – Gold- complement our robust production
cost, aiming for widespread adoption. stab International FZ-LLC – in Ras capabilities in India and Malaysia,”
“Despite the slightly higher production Al Khaimah, UAE. “This strategic the company said in a social media
cost of Rs. 160-180 per kg compared offi ce will play a pivotal role in post.

140 Chemical Weekly August 20, 2024

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