Distribution Startup Ripplr Raises $12 Million In Debt, Equity
12/22/21, 1:43 PM
Location
bengaluruMoney raised
$12 million
Industry
information technology
Distribution and logistics startup Ripplr has raised $12 million (around Rs 90 crore) in a funding round with a mix of equity and debt from Japanese firm Sojitz Corporation and Stride Ventures. The pre-series- B funding round also saw participation from existing investors 3one4 Capital, Zephyr Peacock India Growth Fund, and Chand Family Office.
Company Info
Location
bengaluru, karnataka, india
Additional Info
The Bengaluru startup had raised $3 million series-A round in January 2021. Angels who support early-stage investments such as the Licious founders Vivek and Abhay; and the Kaleyra founders Aniketh and Ashish, also participated, the Bengaluru startup said. Set up in 2019 Ripplr is a plug-n-play integrated distribution network for brands offering distribution as a service (DaaS) to brands and supports brands in managing and digitising distributor operations, financial and backend operations, creating visibility, and a management layer for logistics.