- Crescent Enterprises Ventures Led a $7.7 Million Series A Funding Round for India’s Distil
- The round included prominent investors such as Jungle Ventures, Rubamin, and India Quotient.
- Distil plans to acquire underutilized factories, boost its production capacity fivefold, and expand into the Middle East, Africa, and North America.
Crescent Enterprises Ventures, the venture capital arm of Crescent Enterprises, announced its participation in a $7.7 million Series A funding round for India-based Distil, a company specializing in advanced chemicals.
The round was co-led by Crescent Enterprises Ventures and Singapore’s Jungle Ventures, with additional participation from investors including Rubamin, Mayank Singhal (Vice Chairman of PI Industries), and India Quotient.
Over the next five years, Distil plans to acquire underutilized factories and increase its production capacity fivefold, while also expanding its product portfolio. The company also aims to strengthen its presence in the Middle East, Africa, and North America, alongside boosting activities in research and development, global procurement, and technical sales.
Founded in 2021, Distil focuses on developing innovative chemicals for the paints, plastics, and construction materials sectors, operating through an R&D-driven, asset-light model. The company also seeks to address value chain inefficiencies in India’s chemical industry by partnering with small and medium-sized factories operating below capacity.
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