Total amount raised
$54.9 Millions
Latest funding date
5/1/2023
Location
Ripplr has successfully raised $40 million in funding, with the latest round led by Fireside Ventures. The company is focused on building India's largest digital-first distribution platform, offering comprehensive logistics and distribution services.
Keep reading to explore the intricacies of Ripplr's fundraising journey and the investors backing this innovative platform.
What Is Ripplr?
Founded in June 2019, Ripplr is a full-stack tech distribution and logistics company based in Bengaluru, Karnataka, India. The company leverages data-driven analytics and plug-and-play systems to enhance efficiency in the distribution industry.
Ripplr was founded by Abhishek Nehru and Santosh Dabke. The company aims to build India's largest digital-first distribution platform, offering comprehensive services such as brand onboarding, product management, and live tracking.
With a workforce of 501-1000 employees, Ripplr continues to innovate and transform the logistics sector through its cutting-edge solutions and relentless pursuit of quality.
How Much Funding Has Ripplr Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2020
- Lead Investors: 3one4 Capital, Sprout Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop the initial tech platform.
- Series A
- Amount Raised: $3M
- Date: January 2021
- Lead Investors: Zephyr Peacock India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the tech platform.
- Series B
- Amount Raised: ₹900M
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build and scale an asset-light, tech-enabled FMCG distribution network.
- Debt Financing
- Amount Raised: $12M
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational needs and growth.
- Series B
- Amount Raised: $28M
- Date: May 2023
- Lead Investors: Fireside Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen the tech platform and expand the team.
- Debt Financing
- Amount Raised: $12M
- Date: May 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build a pan-India presence.
Total Amount Raised: $55M
Current Valuation: Not publicly disclosed
Key Investors
- Fireside Ventures
- Details: Fireside Ventures is a consumer-focused venture capital firm. They led Ripplr's Series B funding round.
- Investment Focus Areas: Consumer brands, tech-enabled businesses, offline retail.
- Notable Investments: Mamaearth, Boat, Vahdam Teas.
- 3one4 Capital
- Details: 3one4 Capital is a venture capital firm that focuses on early-stage investments. They have been an existing investor in Ripplr.
- Investment Focus Areas: Technology, consumer brands, fintech.
- Notable Investments: Licious, Darwinbox, Betterplace.
- Zephyr Peacock India
- Details: Zephyr Peacock India is a private equity firm that invests in growth-stage companies in India. They have continued their investment in Ripplr from previous rounds.
- Investment Focus Areas: Growth-stage companies, mid-sized enterprises, various sectors.
- Notable Investments: Ujjivan, BigBasket, Aye Finance.
- Sojitz Corporation
- Details: Sojitz Corporation is a diversified Japanese conglomerate with interests in various sectors. They are an existing investor in Ripplr.
- Investment Focus Areas: Logistics, energy, chemicals, consumer goods.
- Notable Investments: Not publicly disclosed.
- Alteria Capital
- Details: Alteria Capital is a venture debt firm that participated in Ripplr's debt financing rounds. They provide debt funding to high-potential startups.
- Investment Focus Areas: Venture debt, growth-stage companies, various sectors.
- Notable Investments: Not publicly disclosed.
What's Next for Ripplr?
Ripplr is poised to capitalize on the burgeoning opportunities in India's FMCG market. With a $40 million Series B funding round, the company plans to enhance its tech platform, expand its team, and build a pan-India presence. The potential to bridge gaps in buying patterns and consumer sentiments across different states presents a massive growth opportunity.
Future fundraising seems likely as Ripplr continues to scale operations and demonstrate profitability. The company’s strong unit economics and strategic partnerships with major FMCG brands make it an attractive prospect for investors. However, challenges such as navigating diverse consumer behaviors and maintaining operational efficiency while scaling could pose hurdles.
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