Debt financing
Logistics-tech startup Ripplr to raise $4.7 M from Northern Arc
Bengaluru-based Ripplr is raising INR 40 crore (USD 4.7 million) from Northern Arc Capital through 400 non-convertible debentures (NCDs).Last month, the startup raised INR 6 crore debt from another venture debt firm Trifecta Capital.Founded in 2019 by Abhishek Nehru and Santosh Dabke, Ripplr offers a B2B web platform and mobile application to connect retailers with distributors. The platform claims to use AI (artificial intelligence) to make predictions and decisions to help brands deliver an integrated customer experience by elevating certainty and quality.
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