PE Fund Investments
GEF invests Rs.31-Cr more in supply chain startup 3SC; hikes stake to over 66%
Gurugram-based SS Supply Chain Solutions (3SC) has raised INR 31 crore from existing investor GEF Capital’s South Asia Growth Fund. The new funds will primarily be used to enhance service capabilities and scale operations.The latest fundraising round involves the issuance of 31,00,000 compulsorily convertible preference shares (CCPS) at INR 100 each. Post-allotment, GEF Capital’s South Asia Growth Fund will hold a 66.27% stake in 3SC.3SC, established in 2012 by Lalit and Sarita Das, specialises in supply chain solutions across industries including pharmaceuticals, healthcare, industrials, FMCD, FMCG, and e-commerce. The company also offers advanced supply chain analytics to optimise business operations.
In Jul-21, 3SC had raised over USD 15 M from GEF.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
