VC Fund Investments
Logistics player Emiza raises Rs.50-Cr in ongoing Series C round; early investors exit
Mumbai-based third-party logistics and warehousing company Emiza has raised INR 50 crore as part of ongoing Series C funding round led by Evolvence India and Mirabilis Investment Trust. Earlier this month, it raised INR 50 crore (around USD 6 million) led by Evolvence India (INR 45 crore) with participation from Mirabilis Investment Trust (INR 5 crore). This takes the total investment in Series C funding round to INR 100 crore.The round, raised at INR 400 crore valuation, comprised a mix of primary and secondary investments, enabling partial exit to early investors Mayfield and Dileep Nath.The primary funds will be used to drive innovation, enhance warehouse technology, improve automation, and expand the firm’s footprint. The company is also working on developing additional services to support faster deliveries.Founded in 2015 by Ajay Rao and Jitendra Kumar, Emiza offers third-party logistics services for e-commerce businesses.
Between 2017 and 2025, Emiza had raised about USD 14 M from JM Financial, Mayfield, Evolvence India, and Mirabilis Investment Trust.For FY24, Emiza had reported about INR 99 Cr in Operating Income and about INR 2 Cr in PAT.
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