India, March 12 -- Speciality chemical manufacturing startup Scimplify has secured $40 Mn (around INR 348 Cr) in a Series B funding round co-led by Accel and Bertelsmann Investments.

The round also saw participation from UMI and existing investors, including Omnivore and 3one4 Capital. Scimplifysays it has raised $54 Mn in total funding till date.

The Bengaluru-based startup looks to deploy the fresh proceeds to expand its presence in overseas markets and enhance its platform.

"This fresh capital will accelerate Scimplify's export expansion beyond the 16 countries it currently serves, while also strengthening its presence in key industries such as life sciences, crop sciences, and industrial chemicals," the startup said in its statemen...