Distil, a pioneering platform specializing in specialty chemicals, has successfully raised $3.1 million in a Seed funding round led by Jungle Ventures and India Quotient. Several other prominent investors and operators also participated in this funding round.
Founded by Atanuu Agarrwal, Karan Hirani, and Viraj Shah, Distil offers customizable and scalable solutions through its tech-enabled platform for the procurement of specialty chemicals. These solutions include formulations and custom manufacturing tailored to meet specific performance and regulatory requirements.
Distil’s platform streamlines the purchasing process with technology, ensuring consistent product quality, meeting quantity demands, and reducing lead times and minimum order quantities (MOQs) through a robust network of distribution points nationwide.
The specialty chemicals industry has historically grappled with inefficiencies throughout its value chain. Distil addresses these challenges comprehensively, leveraging the deep expertise of its founding team across specialty chemicals, supply chain management, and finance.
The company targets expansion across various segments within the life sciences industry, including flavours, fragrances, food ingredients, pharmaceuticals, and personal care products. Its strategic focus spans key markets in India and international regions such as the United States, European Union, and the MENA region.
Distil’s commitment to enhancing efficiency and reliability in specialty chemicals procurement positions it favorably amidst increasing demand for quality-driven solutions across global markets. As the company advances its technological capabilities and expands its market presence, it aims to redefine standards and drive significant advancements in the industry.