VC Fund Investments
Logistics startup Ripplr raises $12-M from Sojitz Corp, Stride Ventures, others
Bengaluru-based distribution and logistics startup Ripplr has raised USD 12 million (around INR 90 crore) in a funding round with a mix of equity and debt led by Japanese firm Sojitz Corporation and Stride Ventures. The pre-Series B funding round also saw participation from existing investors 3one4 Capital (in whose fund Sojitz is an “Limited Partner†investor), Zephyr Peacock India Growth Fund, and Chand Family Office. Other angel investors including the founders of Licious and Kaleyra also participated Ripplr aims to be a plug-n-play integrated distribution network for brands offering distribution as a service (DaaS) to brands and supports brands in managing and digitising distributor operations, financial and backend operations, creating visibility, and a management layer for logistics. The startup had raised USD 3 million Series A round in January 2021.
From the Venture Intelligence PE-VC Deal Database: Between Jan-20 and Jan-21 Ripplr raised $7-M from Yukti Securities, 3ONE4 Capital, Zephyr Peacock, Sprout Venture Partners, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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