CosmicTaco

Mstack Secures $40M to Expand Speciality Chemical Operations

CosmicTaco · 2024-10-04T07:34:54.835366+05:30

- Speciality chemical startup **Mstack** has raised **$40M** in a Series A round co-led by **Lightspeed** and **Alphawave**. - The funds will be used for expansion in North America, Latin America, the Middle East, and Asia, and to enhance R&D in India and the Middle East. - Mstack offers a full-stack solution for sourcing speciality chemicals and plans to enter the agrochemicals and pharmaceuticals sectors. - The company's business is export-oriented with about **20%** of its speciality chemical sourcing happening in India. - Mstack competes with Scimplify and Distil in the global speciality chemicals market, expected to reach **$1.04T** by 2029. Source: [Inc42](https://inc42.com/buzz/speciality-chemical-startup-mstack-raises-40-mn-to-bolster-rd-in-india-middle-east/)

Speciality chemical startup Mstack has raised $40M in a Series A round co-led by Lightspeed and Alphawave.
The funds will be used for expansion in North America, Latin America, the Middle East, and Asia, and to enhance R&D in India and the Middle East.
Mstack offers a full-stack solution for sourcing speciality chemicals and plans to enter the agrochemicals and pharmaceuticals sectors.
The company's business is export-oriented with about 20% of its speciality chemical sourcing happening in India.
Mstack competes with Scimplify and Distil in the global speciality chemicals market, expected to reach $1.04T by 2029.