A strategic partnership with custom chemical synthesis company, Neugenlabs LLC, located in the University of South Florida, USA, has been announced by the Hyd-based Carbanio for the former's expansion plans in India.

An office is already set up in Bengaluru by the US-based Neugenlabs and now has plans to expand in Hyderabad. Neugenlabs specializes in custom synthesis, research and development, and development of compounds for agriculture, biotechnology, pharmaceuticals, and veterinary industries.

This collaboration will witness NeugenLabs getting help from Carbanio regarding the arrangement of raw materials and other custom chemicals through an uninterrupted digital process. According to Rafi, founder of Carbanio, they have collaborated with IISER, Berhampur, and CSIR-IICT, to offer chemical supply uninterruptedly, even during a countrywide lockdown. The company looks forward to establishing such a partnership with Neugenlabs LLC too.

In the last twenty years, the chemical supply and procurement industry has not seen any disruptive change in terms of digitization, and hence not much growth in sales and revenue has been witnessed, unlike several other industries. The processes involved in selling and buying chemicals are long-drawn and consume a lot of time.

Carbanio strongly believes that the chemical industry requires a service that would help buyers of chemicals procure products without much hassle from multiple sellers. The goal of Carbanio is to design a channel for buyers where they have access to different sellers under one roof and have the power to select the best option. The company lists chemicals that sellers have in stock already, which means there's no need for the buyer to wait anxiously for two to three weeks for the seller to procure the certain chemical. Online payments reduce the time needed to procure the requirement, and door-step delivery further saves from worrying about the shipping.