Mumbai-based Elchemy, a tech-enabled platform revolutionising cross-border specialty chemical distribution, has successfully raised $5.6 million in a Series A funding round. This round was led by Prime Venture Partners, with active participation from InfoEdge Ventures, showcasing strong investor confidence in the company’s innovative approach to the specialty chemicals sector.
Elchemy’s platform offers end-to-end solutions for sourcing specialty chemicals from India and Southeast Asia. By simplifying supplier discovery, ensuring stringent product quality checks, and managing comprehensive fulfillment processes, Elchemy addresses critical pain points in global chemical procurement. Its technology-driven model ensures seamless operations, providing transparency and reliability for buyers and suppliers alike.
The company plans to leverage this funding to enhance its technological infrastructure, scale its operations, and expand its market presence globally. With the specialty chemicals industry witnessing significant growth, Elchemy is positioned to capitalize on increasing demand by offering an efficient and reliable supply chain solution.
Prime Venture Partners and InfoEdge Ventures expressed their belief in Elchemy’s potential to disrupt the industry with its unique combination of technology and domain expertise. The investment reflects a commitment to supporting scalable, innovative solutions in rapidly evolving industries.
Elchemy’s growth trajectory signifies a shift in how specialty chemicals are sourced and distributed globally, offering a robust platform that caters to the diverse needs of this dynamic sector. With this infusion of capital, the company aims to solidify its leadership position and drive innovation in cross-border chemical trade.
