India, Oct. 14 -- Speciality chemical manufacturing startup Scimplify has raised $25 Mn (around Rs.238 Cr) in a fresh funding round led by Hitachi Ventures, the venture capital arm of Japan's Hitachi Group.

The round also saw participation from existing backers such as Accel, Bertelsmann India Investments, 3one4 Capital and Omnivore. New investors including Teknor Apex, Henkel and an undisclosed Japanese chemical company also joined the round.

The startup will use the fresh capital to expand its research, processing and manufacturing capabilities across rare earth and critical metals purification. The funds will also go towards scaling its semiconductor chemicals and battery chemicals businesses.

A chunk of the capital will also be use...