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Distil raises $3.1 million funding led by Jungle Ventures

Jun 20, 2024•about 1 year ago

Amount Raised

$3.1 Million

MumbaiBiotechnologyManufacturing

Investors

Jungle Ventures

Description

Specialty chemicals platform Distil has raised $3.1 million in funding, with Jungle Ventures leading the round.

Company Information

Company

Distil

Location

Mumbai, Maharashtra, India

About

Distil is an R&D-led specialty chemicals platform. At Distil, we understand the importance of finding innovative chemicals along with guaranteed regular supply of consistent quality. Distil offers fully customizable, scalable solutions, dependable quality, tech-enabled convenient purchasing with on-time delivery, and extensive after-sales support for manufacturers worldwide. The founding team consists of Atanuu Agarrwal, Karan Hirani, and Viraj Shah; all are IIT Bombay alumni with deep experience and domain expertise in specialty chemicals, supply chain, and finance.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers