Scimplify Bags $25 Mn To Scale Its Semiconductor Chemicals Business

Speciality chemical manufacturing startup Scimplify has raised $25 Mn (around ₹238 Cr) in a fresh funding round led by Hitachi Ventures, the venture capital arm of Japan’s Hitachi Group. The round also saw participation from existing backers such as Accel, Bertelsmann India Investments, 3one4 Capital and Omnivore. New investors including Teknor Apex, Henkel and an undisclosed Japanese chemical company also joined the round.