Ripplr, a distribution and logistics startup, has raised $45 million (around INR 402.6 crore) in its Series C funding round from the State Bank of India (SBI) and its existing investors.
According to a blog post by 3one4 Capital, one of Ripplr’s current backers, the round saw participation from all existing investors, with SBI joining the cap table as a new investor.
Media reports indicate that the funding round consisted of a mix of primary investment, secondary share sales, and debt. The latest round values Ripplr at approximately $250 million, a significant jump from its $100 million valuation during the 2023 fundraise.
Ripplr plans to use the new funding to expand and strengthen its core operations. The company aims to scale its electronics distribution vertical, enter new markets, and add more brands across its current regions.
It also intends to boost its distribution-as-a-service (DAAS) offering. Part of the funds will go toward expanding its micro-fulfillment centres (MFCs), which support quick-commerce companies. As per sources, Ripplr currently operates six MFCs across six cities.
According to the 3one4 Capital blog, Ripplr is “nearing EBITDA positivity and preparing for a potential IPO within the next 18 to 24 months.”
Ripplr runs a plug-and-play, tech-enabled distribution platform that supports FMCG and ecommerce brands. The startup serves around 1 lakh retailers and processes thousands of orders every month.
Its customer base includes several major brands, including Unilever, Nestle, Tata, Godrej, Nivea, and Dabur.
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