Speciality chemicals platform Distil has successfully raised $3.1 million in a Seed funding round led by Jungle Ventures and India Quotient, with contributions from a host of other prominent investors and operators.
This investment marks Jungle Ventures’ first India Seed investment since launching its First Cheque program, aimed at collaborating with second-time entrepreneurs and seasoned operators in the ideation, pre-seed, and seed stages.
Founded by Atanuu Agarrwal, Karan Hirani, and Viraj Shah, Distil provides customizable and scalable solutions via a tech-enabled platform for the procurement of speciality chemicals. Their offerings include formulations and custom manufacturing tailored to meet specific performance and regulatory requirements. The platform also streamlines the purchasing process, ensuring consistent product quality, precise quantity fulfilment, and reduced lead times and minimum order quantities (MOQs) through an extensive network of stock points across the country.
The speciality chemicals sector has long been fraught with inefficiencies. Distil aims to tackle these issues at every stage of the value chain by leveraging the extensive expertise of its founding team in speciality chemicals, supply chain management, and finance.
Looking ahead, Distil plans to develop proprietary products and solidify its reputation as a leading speciality chemicals franchise in the life sciences sector. Their focus areas include flavours and fragrances, food ingredients, pharmaceuticals, and personal care, with ambitions to expand across India and into key international markets such as the US, EU, and MENA region.
