Private Equity PE Fund Investments
Supply chain startup Prozo raises Rs.76-Cr from Sixth Sense Ventures, others
New Delhi-based supply chain and warehousing startup Prozo has raised INR 76 crore from Sixth Sense Ventures, Jafco Asia, and high net-worth individuals. It will use the funds to expand to new geographies, acquire customers, invest in technology and hire people.
Dexter Capital Advisors was the financial advisor for the round.
Prozo offers its clients - mostly D2C brands - a supply chain service that helps them replicate Amazon Prime's promise of same day or next day delivery.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: Between Aug-16 and Feb-17, Prozo raised nearly $1-M from Earlsfield Capital. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)