Ripplr, a Bangalore-based logistics and distribution firm, has secured $40 million in a Series B fundraising round, which was headed by Fireside Ventures and included fresh investors Bikaji and Neo. The company raised $28 million in exchange for equity and $12 million in debt. The startup plans to use the funds to strengthen its tech platform, expand its team size, and reach newer locations in the country. A plug-and-play integrated distribution network called Ripplr provides brands with distribution as a service (DaaS). They benefit from increased visibility and reach as a result. The company claims to be operationally profitable.
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“Ripplr: Disrupting India’s Distribution and Logistics.
Ripplr was founded in 2019 by Abhishek Nehru and Santosh Dabke. The startup’s platform provides a one-stop solution for brands to manage their distribution and logistics needs. It offers a range of services, including warehousing, inventory management, order processing, and last-mile delivery. The company’s technology platform enables brands to track their shipments in real-time and provides them with insights into their distribution network’s performance.The most recent investment round takes place at a time when investors are watching their pennies closely and supporting players that show a path to profitability. Ripplr had raised $12 million in December 2021 and had previously raised $3 million in a seed round.
The distribution and logistics industry in India is highly fragmented, with a large number of small players operating in the market. The sector is ripe for disruption, and startups like Ripplr are well-positioned to capitalize on the opportunity. The COVID-19 pandemic has accelerated the shift towards e-commerce, and the demand for efficient logistics and distribution services has increased significantly.
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Ripplr’s platform is designed to help brands optimize their distribution and logistics operations and reduce costs. The company’s technology-enabled approach allows it to offer its services at a lower cost than traditional logistics providers. The startup’s plug-and-play model also makes it easy for brands to onboard and start using its services quickly.
The distribution and logistics industry in India is expected to grow at a CAGR of 10.5% between 2021 and 2026, driven by the growth of e-commerce and the increasing demand for faster and more efficient delivery services. The sector is also expected to benefit from the government’s push towards digitization and the development of logistics infrastructure.
Ripplr’s latest funding round will enable the company to expand its operations and reach new customers across India. The startup’s focus on technology and innovation has helped it differentiate itself from traditional logistics providers and attract investors’ attention. The company’s platform is well-positioned to capitalize on the growing demand for efficient and cost-effective distribution and logistics services in India.
Conclusion
Ripplr’s latest funding round is a testament to the startup’s innovative approach to distribution and logistics. The company’s platform provides a one-stop solution for brands to manage their distribution and logistics needs, and its technology-enabled approach allows it to offer its services at a lower cost than traditional logistics providers. The startup’s focus on technology and innovation has helped it differentiate itself from its competitors and attract investors’ attention. With the latest funding, Ripplr is well-positioned to expand its operations and reach new customers across India.
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