PE Fund Investments
Warehousing services provider Emiza raises Rs.50-Cr led by Evolvence India
Mumbai-based third-party logistics and warehousing company Emiza Supply Chain Services has raised INR 50 crore (around USD 6 million) led by Evolvence India (INR 45 crore) with participation from Mirabilis Investment Trust (INR 5 crore).The company is to issue 4,327 compulsory cumulative preference shares (CCPS) at an issue price of INR 115,569 each to raise the investment. The proceeds will be used to meet the firm’s growth objectives and strengthen its financial position by generating long-term resources.Emiza offers warehousing and fulfillment services for D2C (direct-to-consumer) brands, SMEs (small and medium enterprises) and large businesses selling online. With 27 warehouses across 14 cities, it manages storage, picking, packing, and labeling, processing 3 lakh B2B (business-to-business) orders daily.The company claims a 40% year-on-year growth to INR 102 crore during the fiscal year ended March 2024.
Between Mar 2017 and May 2022, Emiza had raised about USD 8 M from Mayfield, Aaroha Pte Ltd, Kanuru Vijay Rao and JM Financial.For FY24, Emiza had reported about INR 99 Cr in Operating Income and about INR 2 Cr in PAT.
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