Elchemy raised $5.6M in a funding round led by Prime Venture Partners to build a team in the US and enhance its technology leadership.

Nov 25, 2024•about 1 year ago

Amount Raised

$5.6 Million

MumbaiSupply Chain ManagementManufacturing

Investors

Info Edge VenturesPrime Venture Partners

Description

Elchemy, a specialty chemical distribution platform, has secured $5.6 million in funding, primarily to establish a sales team in North America and invest in technology for supply chain visibility. The round was led by Prime Venture Partners with participation from InfoEdge Ventures.

Company Information

Company

Elchemy

Location

Mumbai, Maharashtra, India

About

Elchemy is a cross-border specialty chemical distribution platform that connects international buyers with suppliers from India and Southeast Asia. Founded in 2021 by Hardik Seth and Shobhit Jain, the company simplifies the sourcing process for specialty chemicals while ensuring product quality and overseeing end-to-end fulfillment. The company aims to enhance its tech leadership and expand its sales teams into North America with recent funding. Elchemy leverages technology to improve supply chain visibility solutions.

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