Specialty chemicals platform Distil has successfully raised $3.1 million in a Seed funding round led by Jungle Ventures and India Quotient, with participation from other prominent investors and industry operators.
This marks Jungle Ventures’ first Seed investment in India since launching First Cheque, a program designed to support second-time entrepreneurs and seasoned operators at the idea, pre-seed, and seed stages.
Distil was founded by Atanuu Agarrwal, Karan Hirani, and Viraj Shah. The company offers fully customizable and scalable solutions through a tech-enabled platform for the procurement of specialty chemicals. Distil’s services include formulations and custom manufacturing designed to help manufacturers meet specific performance and regulatory requirements. Additionally, the platform provides a tech-enabled purchasing process that ensures consistent product quality, meets quantity requirements, and reduces lead times and minimum order quantities (MOQs) through a robust network of stock points across the country.
The specialty chemicals value chain has traditionally faced numerous inefficiencies. Distil addresses these pain points at each stage by leveraging the expertise of its founding team, which spans specialties in chemicals, supply chain management, and finance. The company’s goal is to develop proprietary products and establish itself as a trusted specialty chemicals franchise in the life sciences sector, including flavors and fragrances, food ingredients, pharmaceuticals, and personal care.
Distil plans to expand its market reach across India and key international markets such as the US, EU, and the MENA region. This expansion is expected to position the company as a leader in the specialty chemicals industry, providing innovative solutions and addressing critical supply chain challenges.
“With this funding, we aim to enhance our product offerings and solidify our presence in both domestic and international markets,” said Atanuu Agarrwal, co-founder of Distil. “Our platform’s ability to provide customizable and scalable solutions will be a game-changer for manufacturers looking to meet stringent performance and regulatory standards.”
This investment round signifies a significant milestone for Distil, enabling the company to further its mission of revolutionizing the specialty chemicals industry with advanced technology and a customer-centric approach.
