Total amount raised
$20.9 Millions
Latest funding date
01/01/2025
Location
Emiza has successfully raised ₹1,000,000,000 (approximately $11.5 million) in its Series C funding round, achieving a valuation of ₹400 crore (approximately $46.29 million). The company offers a range of warehousing and fulfillment services, including specialized programs for major e-commerce platforms like Flipkart, Amazon, and Myntra.
Keep reading to explore the intricacies of Emiza's fundraising journey and the investors backing this logistics firm.
What Is Emiza?
Emiza, founded on August 18, 2015, is a tech-enabled third-party logistics provider based in Mumbai, Maharashtra, India. The company was established by Ajay Rao and Jitendra Kumar.
Specializing in warehousing and less-than-truckload distribution, Emiza serves a range of industries including e-commerce, logistics, and supply chain management. The company employs between 51-100 people and offers advanced warehouse technology and fulfillment solutions to optimize business operations for both online and offline customers.
How Much Funding Has Emiza Raised?
- Series A
- Amount Raised: $4.5M
- Date: April 2017
- Lead Investors: Mayfield Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development of Emiza's logistics and warehousing services.
- Series B
- Amount Raised: ₹375M (approximately $5.1M)
- Date: May 2022
- Lead Investors: JM Financial Private Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Emiza's warehousing network and enhance technological capabilities.
- Series C
- Amount Raised: ₹1B (approximately $11.5M)
- Date: January 2025
- Lead Investors: Evolvence India Fund, Mirabilis Investment Trust
- Valuation at Round: ₹400 crore (approximately $46.29M)
- Motivation Behind the Round: To enhance technological advancements, improve automation, and establish new facilities to cater to an expanding client base.
Total amount raised: $21.1M. Current valuation: $46.29M.
Key Investors
- Evolvence India Fund
- Details: Evolvence India Fund is a private equity fund that invests in high-growth companies in India. The fund is known for its strategic investments in sectors that drive economic growth.
- Investment Focus Areas: Healthcare, education, financial services, consumer goods.
- Notable Investments: Emiza.
- Mirabilis Investment Trust
- Details: Mirabilis Investment Trust is an investment trust that focuses on various sectors. The trust aims to support companies with innovative and scalable business models.
- Investment Focus Areas: Various sectors.
- Notable Investments: Emiza.
- JM Financial Private Equity
- Details: JM Financial Private Equity is a private equity firm that invests in mid-market companies in India. The firm provides growth capital to businesses with strong potential.
- Investment Focus Areas: Mid-market companies in India.
- Notable Investments: Not publicly disclosed.
- Mayfield Fund
- Details: Mayfield Fund is a venture capital firm that invests in early-stage companies. The firm has a long history of supporting startups through their growth phases.
- Investment Focus Areas: Early-stage companies.
- Notable Investments: Emiza.
What's Next for Emiza?
Emiza is poised to capitalize on significant opportunities in the logistics sector. With a fresh infusion of ₹100 crore, the company plans to enhance its technological capabilities, increase automation, and establish new facilities. This expansion is crucial as the demand for faster deliveries and customized warehousing solutions continues to grow in India's booming e-commerce ecosystem.
Future fundraising opportunities seem promising given Emiza's growth trajectory and the positive outlook from investors. The company may seek additional funding rounds to further scale its operations and technological advancements. However, challenges such as managing rapid expansion, maintaining a technological edge, and navigating competitive pressures in the logistics and e-commerce sectors could pose hurdles along the way.
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