Elchemy: Funding, Investors & Team (Oct 2026)
Elchemy, a brand of BizinBiz Technologies Private Limited, was started at the peak of the global COVID-19 pandemic when supply chains in the chemical industry were going through turmoil; they still are. Chemical manufacturers have realized how dependent they were on a single source of raw materials and these supply disruptions are hitting them hard. Naturally, they want to diversify their supplier base. And we help chemical manufacturers and distributors in developing new sources of supply. In just a short span of time, we have partnered with 100s of small and medium-sized chemical manufacturers from India. We aggregate demand to offer economies of scale on material pricing previously unavailable to individual customers and projects. We offer access to 25+ contract manufacturing sites, R&D facilities and labs to carry out hazardous and complex reactions. Reliability is our north-star metric. Our customers find us reliable, both in terms of quality and promised lead times. We take end-to-end ownership of product quality. Through our network of NABL accredited labs, every product goes through a strict QC process before being dispatched so our customers get peace of mind. You get end-to-end visibility of your supply chain at all points in time. All the delays beyond our control will be known proactively for you to take your production planning decisions. We combine our technical expertise with excellent supplier relationships to give you an unprecedented customer experience. We have carefully built our team consisting of chemists and chemical engineers who’ve worked in multinationals that have served brands like BASF, Bayer, Syngenta, and other global players. We’re your true sourcing partners, an extension to your own sourcing team.
Elchemy has raised $5.6M across 1 funding round on record, the most recent a Series A of $5.6M announced in Nov 2024.
That round is in line with the $5.2M median round size for Manufacturing companies tracked on FundedIQ over the last two years.
Elchemy Company Profile and Key Stats
Latest funding round on record: Nov 2024.
Elchemy Funding Rounds
Elchemy Founders and Leadership Team
No contact details are on record for this team yet.
Elchemy Funding Compared to Other Manufacturing Startups
Elchemy's latest round of $5.6M is in line with the median round in Manufacturing. Medians cover the last 24 months of disclosed rounds.
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Elchemy Funding FAQs
What does Elchemy do?
Elchemy, a brand of BizinBiz Technologies Private Limited, was started at the peak of the global COVID-19 pandemic when supply chains in the chemical industry were going through turmoil; they still are. Chemical manufacturers have realized how dependent they were on a single source of raw materials and these supply disruptions are hitting them hard. Naturally, they want to diversify their supplier base. And we help chemical manufacturers and distributors in developing new sources of supply. In just a short span of time, we have partnered with 100s of small and medium-sized chemical manufacturers from India. We aggregate demand to offer economies of scale on material pricing previously unavailable to individual customers and projects. We offer access to 25+ contract manufacturing sites, R&D facilities and labs to carry out hazardous and complex reactions. Reliability is our north-star metric. Our customers find us reliable, both in terms of quality and promised lead times. We take end-to-end ownership of product quality. Through our network of NABL accredited labs, every product goes through a strict QC process before being dispatched so our customers get peace of mind. You get end-to-end visibility of your supply chain at all points in time. All the delays beyond our control will be known proactively for you to take your production planning decisions. We combine our technical expertise with excellent supplier relationships to give you an unprecedented customer experience. We have carefully built our team consisting of chemists and chemical engineers who’ve worked in multinationals that have served brands like BASF, Bayer, Syngenta, and other global players. We’re your true sourcing partners, an extension to your own sourcing team.
How much funding has Elchemy raised?
Elchemy has raised $5.6M across 1 round on record. The most recent is a Series A of $5.6M announced in Nov 2024.
When did Elchemy last raise funding?
Elchemy's most recent funding round on record is a Series A of $5.6M, announced in Nov 2024.
Who founded Elchemy?
FundedIQ lists Hardik Seth (Founder) at Elchemy.
Where is Elchemy headquartered?
Elchemy is based in Mumbai, Maharashtra, India.
How many employees does Elchemy have?
Elchemy is in the 11-50 employee band.
How does Elchemy's funding compare to other Manufacturing startups?
Elchemy's latest round of $5.6M is in line with the $5.2M median round size for Manufacturing companies on FundedIQ across 1,061 tracked companies over the last two years.
About FundedIQ's Elchemy Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Elchemy is left off this page rather than filled in.
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