Distil, an India-based specialty chemicals startup, has raised US$7.7 million in series A funding to support research, procurement, technical sales, and expansion into the US, Middle East, and Africa.

The round was led by Singapore’s Jungle Ventures and UAE-based CE-Ventures, with participation from Rubamin and Mayank Singhal of PI Industries.

Founded in 2021, Distil develops specialty chemicals for paints, coatings, plastics, and construction materials using an R&D-focused approach.

The company has raised US$10.8 million to date and reported US$7 million in annual sales, serving over 100 enterprise customers with a team of 19 scientists and engineers.

Distil plans to acquire underutilized plants over the next five years and expects to break even within 12 months.

The global specialty chemicals industry is valued at over US$800 billion, with India’s exports rising as production shifts from China.

🔗 Source: YourStory