PE Fund Investments
Digital distribution platform Ripplr raises $40-M from Fireside Ventures, others
Ripplr, a Bengaluru-based distribution and logistics platform, has raised USD 40 million in a Series B round led by Fireside Ventures with participation from new investors Bikaji and Neo Foods and existing investors 3ONE4 Capital, Zephyr Peacock and Japanese conglomerate Sojitz Corporation. The round also witnessed debt contribution from Strides Ventures, Alteria Capital, Northern Arc Investments and Trifecta Capital. The funds will be used to fortify its tech platform, for team expansion, and to build a pan-India presence. Set up in 2019, Ripplr is a B2B (business-to-business) retail technology platform that offers Distribution as a Service to FMCG (fast moving consumer goods) brands, helping brands create visibility and reach with a management layer for the supply chain.
From the Venture Intelligence PE-VC Deal Database: Between January 2020 and December 2021, Ripplr had raised over USD 15.85 M from Zephyr Peacock, 3ONE4 Capital and Sprout Ventures.
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