Distil, a homegrown research and development-led specialty chemicals startup, has raised $7.7 million in a Series A fundraise led by Singapore’s Jungle Ventures and UAE-based CE-Ventures, the corporate venture capital arm of Crescent Enterprises.
Goyel & Goyal advised Distil on all aspects of this transaction.
The transaction team was led by Akshit Goyal (Partner), with assistance from Aishwarya Srivastava (Senior Associate), Keshav Saboo (Senior Associate) and Associates Aparna Mukherjee and Shivantika Srivastava.
Founded in 2024 by Atanu Agarrwal and Viraj Shah, Distil develops advanced specialty chemicals such as wetting agents, binders, titanium dioxide, and emulsions, which are used in paints, plastics, and construction materials. Its R&D-first, asset-light model allows it to leverage India’s underutilised manufacturing capacity to scale production without significant capital expenditure.
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