Distil, a specialty chemicals startup, has raised $7.7 million in its Series A funding round. The round was led by Jungle Ventures and UAE-based CE-Ventures.
Other investors included Rubamin, PI Industries vice chairperson Mayank Singhal, and existing investor IndiaQuotient.
The funds will be used to expand Distil’s product range, build stronger partnerships with enterprises, and increase R&D for high-value industrial applications.
The startup also plans to grow its export pipeline, as global manufacturers search for reliable and cost-effective specialty chemical solutions.
Last year, the startup raised $3.1 million in a seed funding round, which was co-led by Jungle Ventures and IndiaQuotient.
“This round brings us investors who understand chemicals deeply and share our belief in an R&D-led, asset-light model. Their partnership strengthens our ability to scale faster, innovate continuously, and move closer to our ambition of becoming a trusted global partner by 2030,” Distil founder and chief operating officer Viraj Shah said.
“When we first partnered with Distil… we saw a team well-positioned to ride one of the biggest supply chain shifts of our time,” said Rishab Malik, Partner, Seed investments at Jungle Ventures. “In just over a year, they have built the R&D depth and market credibility to stand out in segments like paints and coatings and flavours and fragrances, and are already expanding into international markets such as the US and Middle East.”
Distil was founded in 2021 by Atanu Agarrwal and Viraj Shah in Mumbai. The company offers customizable chemical solutions, encompassing research, formulation, manufacturing, supply chain management, and compliance services.
It serves multiple industries, including aroma and food, beauty and personal care, pharmaceuticals, coatings, adhesives, and more.
Distil works with small and mid-sized plants to support R&D and supply chain needs. It currently serves over 100 enterprise customers with a team of 19 scientists and engineers.
The company has reached $7 million in yearly sales and now aims to grow revenue to $25–30 million and achieve break-even within the next 12 months. Over the next five years, it also plans to acquire underutilized plants to further expand.
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