India, Sept. 23 -- Speciality chemicals startup Distil has raised $7.7 Mn (around INR 68.3 Cr) in its Series A funding round co-led by Jungle Ventures and UAE's CE-Ventures. The funding round also saw participation from recycling company Rubamin, PI Industries vice chairperson Mayank Singhal, and its existing investor IndiaQuotient.

The Mumbai-based startup aims to deploy the capital to enhance its research and development and expand its global footprint by commencing operations in the Middle East, Africa, and North America.

"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 close...