# Innovative Chemical Interchange Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/innovative-chemical-interchange-private

- Industry: Internet
- Headquarters: Hyderabad, India
- Website: www.carbanio.com
- Total disclosed funding: $1.3M
- Latest round: Seed (Feb 9, 2022)
- Investors on record: 1

## About

Based in Telangana, India, and co-founded by Rafi Shaik (CEO) and Vijaai in 2015, Innovative Chemical Interchange Private Limited doing business as Carbanio.com operates as an online business-to-business (B2B) marketplace for chemicals. In February 2022, the firm raised USD 1.3 million in seed funding led by investor Jaffe Tilchin Investment Partners, LLC.

The company through its online platform, allows its users to source chemicals, catering to diverse needs across industries. Using Innovative Chemical’s online marketplace connects buyers and sellers and offers over 11 million chemicals for procurement. Through the company’s user interface, customers can search for chemicals by CAS number or chemical name, compare options, place orders, and benefit from doorstep delivery across India. Some of the chemicals available on the site include reagents, organic solvents, laboratory chemicals, chiral compounds, herbicides, insecticides, additives, active pharmaceutical ingredients (API), API impurities, etc. for a range of categories like pharmaceuticals, specialty chemicals, catalogue, inhibitors, manufacturer products, etc.

The company plans to utilize its February 2022 funding for business development and marketing, chemical manufacturers’ onboarding, deploying innovative technologies, and streamlining operational processes, as well as to increase its global customer base.

## Funding rounds

- Seed, Feb 9, 2022, $1.3M — Jaffe Tilchin Investment Partners

## Investors

- Jaffe Tilchin Investment Partners (https://capitalatlas.ai/funds/jaffe-tilchin-investment-partners) — Seed