HomeBusiness NewsStartup NewsDistil raises $3.1 million seed round led by Jungle Ventures, strategies to improve R&D and broaden globally
Distil differentiates itself by aggregating its existing capabilities in India and incorporating them with a robust R&D structure. The business’s method prioritises specificniche, complex chemicals that require specialised batch procedures and comprehensive researchstudy and advancement.
Specialty chemicals platform Distil has effectively protected $3.1 million in a current seed financing round. The financing was led by Jungle Ventures and India Quotient, with extra contributions from numerous popular financiers and operators.
Atanuu Agarrwal, co-founder of Distil, in an interview with CNBC-TV18, highlighted that the funds would be mostly utilized for advancing their researchstudy & advancement abilities and improving procedure engineering.
He mentioned, “We are a product-driven business. So the veryfirst and primary usage of funds is towards our R&D and procedure engineering abilities. So you will see mo