Distil, a specialty chemicals startup founded in 2021 by Atanu Agarrwal and Viraj Shah, has raised $7.7 million in a Series A funding round led by UAE’s CE-Ventures and Singapore’s Jungle Ventures, with participation from strategic investors Rubamin, PI Industries Vice Chairperson Mayank Singhal, and India Quotient.
This funding brings Distil’s total capital raised to $10.8 million, following a $3.1 million seed round led by Jungle Ventures’ First Cheque@Jungle platform. The proceeds will expand its product portfolio, strengthen enterprise partnerships, and deepen R&D efforts to cater to high-value industrial applications.
Distil develops advanced specialty chemicals for paints & coatings, plastics, and construction materials, leveraging an asset-light, R&D-first model that utilizes underperforming chemical manufacturing capacity in India. The startup has scaled rapidly from pre-revenue to $7M in annual sales, serving over 100 enterprise clients and building a 19-member R&D & engineering team.
With this investment, Distil aims to enhance its export pipeline as global manufacturers increasingly seek reliable and cost-efficient alternatives in specialty chemicals.
