India, Nov. 25 -- Cross-border specialty chemicals distribution startup Elchemy has secured $5.6 Mn (INR 47.2 Cr) in a Series A funding round led by Prime Venture Partners, along with participation from existing investor InfoEdge Ventures.

The company plans to use the fresh capital to expand its US footprint, strengthen tech leadership team and invest in advanced supply chain visibility solutions.

Besides, it also plans to expand its proprietary technology stack to include enhanced quality management systems, real-time tracking capabilities and automated documentation processes.

Founded in 2021 by Hardik Seth and Shobhit Jain, Elchemy is a tech-powered marketplace and distribution platform that connects Indian manufacturers with global...