Speciality chemical distribution platform Elchemy, AI-powered Customer OS firm BiteSpeed raise funding

Elchemy, a cross-border speciality chemic organisation platform, has raised USD 5.6 cardinal (about Rs 47 crore) successful a backing circular led by early-stage task superior steadfast Prime Venture Partners.

The funds volition beryllium utilized to make a dedicated US squad to heighten work for North American clients, boost technological leadership, and put successful precocious proviso concatenation visibility solutions, a institution connection said.

The institution besides aims to grow its exertion stack with improved prime absorption systems, real-time tracking features, and automated documentation processes.

"This backing volition accelerate our tech investments enabling america to physique the integer backbone of planetary specialty chemicals distribution," Elchemy co-founder Shobhit Jain said.
Founded successful 2021 by chemic technologist Hardik Seth and bundle developer Shobhit Jain, the level serves implicit 80 clients globally, facilitating exports to much than 50 ports worldwide.

BiteSpeed raises USD 3.5 cardinal from Peak XV's Surge

BiteSpeed, an AI-powered Customer OS for e-commerce brands, has secured USD 3.5 cardinal (about Rs 29.4 crore) successful a backing circular led by Peak XV's Surge, with information from Whiteboard Capital, Gaurav Munjal (CEO, Unacademy), Aakash Anand (CEO, Bella Vita), and Dhruv Vohra (APAC Head, META), amongst others.

With the recently acquired funding, BiteSpeed intends to prosecute crossed its marketing, sales, and method teams to facilitate planetary enlargement into North America, Europe, the Middle East, and Southeast Asia.

Additionally, the institution plans to heighten its probe and improvement efforts successful generative AI to amended its merchandise offerings for e-commerce brands.

"This caller backing circular gives america the indispensable ammunition to empower e-commerce brands with an AI-native marketing, support, and chatbots suite that unifies their lawsuit engagement portion driving implicit 25 per cent owned gross growth. We're excited to standard our operations globally and marque deeper R&D investments to further alteration the e-commerce landscape," Vinayak Aggarwal, Founder & CEO of BiteSpeed, said.

Founded successful 2019 by BITS Pilani graduates, the startup serves implicit 2,500 Shopify brands successful much than 50 countries with a beardown lawsuit basal successful India, the Middle East, Southeast Asia (SEA), Europe, and North America. Its notable customers see Skybags, Ugaoo, and Zouk.