The Mumbai-based company aims to use the fresh funds to enhance its AI-based offerings, including risk assessment, credit underwriting, fraud detection, portfolio tracking and debt recovery, while expanding into the Middle East and Asia-Pacific markets.
The Series D funding round was led by 360 ONE Asset and Vertex Growth, with participation from existing backers Vertex Ventures Southeast Asia and India and 3one4 Capital.
The round also saw participation from new investors Enzia Ventures and ITI Growth Opportunities Fund, alongside existing backers Chiratae Ventures and Omidyar Network India.
The fresh funds will fuel the startup's aggressive global expansion plans—scaling from 1,000 to 10,000 customers in the next 12–18 months and aiming to drive USD 200 million in gross merchandise value (GMV).
Scimplify will use the funding to expand beyond 16 countries and strengthen its presence in life sciences, crop sciences, and industrial chemicals, tackling sourcing, regulatory, and large-scale manufacturing challenges.
The Bengaluru-based startup will use the funds to scale production, aiming to manufacture 100,000 GaN chips, and explore new markets like consumer electronics and electric two-wheelers, leveraging GaN's superior performance over silicon.
The newly secured funds will be allocated towards enhancing ELIVAAS's proprietary technology platform, expanding its market presence, optimising operations, and elevating the overall experience for homeowners and guests.
The Bengaluru-based platform aims to deploy the raised funds to double down on its R&D capabilities and add more geographies where key customer segments lie.
The money raised will be put toward expanding teams across functional areas, advancing hardware and software R&D, and "launching India's next-generation consumer electronics brand in the coming months."
The Bengaluru-based EV Financing Startup Vidyut will deploy new funds to scale its new offerings that include EV insurance, lifecycle management and EV resale.
3one4 Capital is targeting early-stage startups in consumer internet, SaaS, fintech, and enterprise & SMB digitization, while expanding its investments in digital health and climate tech.