Distil raises $3.1 Mn led by Jungle Ventures and India Quotient

Specialty chemicals platform Distil has secured $3.1 million in a Seed funding round led by Jungle Ventures and India Quotient, with participation from other prominent investors and operators. 

This is Jungle’s first India Seed investment since the launch of First Cheque, a program for partnering with second-time entrepreneurs and seasoned operators at ideas, pre-seed, and seed stages.

Founded by Atanuu Agarrwal, Karan Hirani, and Viraj Shah, Distil offers fully customisable and scalable solutions through a tech-enabled platform for procurement of these specialty chemicals.

Distil’s offerings, which include formulations and custom manufacturing, are designed to help manufacturers meet specific performance, regulatory requirements. Its platform also provides tech-enabled purchasing process, ensuring consistent product quality, meeting quantity requirements, and reducing lead times and MOQs through a robust network of stock points across the country. 

The specialty chemicals value chain has traditionally been plagued with inefficiencies. Distil addresses these pain points at each stage of the value chain by leveraging the expertise of its founding team spanning specialty chemicals, supply chain, and finance.

Distil plans to develop proprietary products and establish itself as a trusted specialty chemicals franchise in the life sciences segment, including flavours and fragrances, food ingredients, pharma, and personal care, across India and key international markets such as the US, EU, and MENA region.