Total amount raised
$54.9 Million
Latest funding date
5/1/2023
Location
Ripplr has successfully raised $40 million over 9 funding rounds, with the most recent round being a Series C. The company is backed by 19 investors, including Sojitz, State Bank of India, and Fireside Ventures.
Ripplr aims to build India's largest digital-first distribution platform, offering comprehensive distribution and logistics services for various industries. Keep reading to explore the intricacies of Ripplr's fundraising journey and the investors backing this innovative platform.
What Is Ripplr?
Ripplr is a logistics company based in Bengaluru, Karnataka, India. It offers data-driven analytics and plug-and-play systems for FMCG and e-commerce brands. The company aims to build India's largest digital-first distribution platform, providing comprehensive services in distribution and logistics.
Founded with a mission to revolutionize the logistics industry, Ripplr serves various sectors, including FMCG, Dairy, Meat & Seafood, White Goods, E-Commerce, B2B/B2C Retailers, and Perishables. The company employs between 501-1000 people, reflecting its significant growth and impact in the industry.
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: $3,000,000
- Date: January 2021
- Lead Investors: Zephyr Peacock India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the tech platform and increase market reach.
- Series B
- Amount Raised: $12,000,000
- Date: December 2021
- Lead Investors: Sojitz Corporation
- 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: $12,000,000
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational growth and technological advancements.
- Series B
- Amount Raised: $28,000,000
- Date: May 2023
- Lead Investors: Fireside Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fortify the tech platform, expand the team, and build a pan-India presence.
- Series Unknown
- Amount Raised: $24,000,000
- Date: September 2025
- Lead Investors: Sojitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance market reach and operational capabilities.
- Series C
- Amount Raised: Not publicly disclosed
- Date: November 2025
- Lead Investors: Sojitz, State Bank of India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance technological infrastructure.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: November 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total Amount Raised: $79,000,000
Current Valuation: Not publicly disclosed
Key Investors
- Fireside Ventures
- Details: Fireside Ventures is a venture capital firm that focuses on early-stage consumer brands. They led Ripplr's Series B funding round.
- Investment Focus Areas: Consumer brands, FMCG, D2C startups
- Notable Investments: Mamaearth, Boat, Vahdam Teas
- Sojitz Corporation
- Details: Sojitz Corporation is a Japanese conglomerate with diverse business interests. They have been a consistent investor in Ripplr, participating in multiple funding rounds.
- Investment Focus Areas: FMCG, technology, logistics
- Notable Investments: Various global investments
- 3one4 Capital
- Details: 3one4 Capital is a venture capital firm that invests in early-stage technology and consumer brands. They are an existing investor in Ripplr.
- Investment Focus Areas: Technology, consumer brands, early-stage startups
- Notable Investments: Licious, Darwinbox, Open
- Zephyr Peacock
- Details: Zephyr Peacock is a private equity firm that focuses on growth-stage companies in India. They have participated in multiple funding rounds for Ripplr.
- Investment Focus Areas: Growth-stage companies, financial services, technology
- Notable Investments: Ujjivan Financial Services, Aye Finance
- State Bank of India
- Details: State Bank of India is the largest public sector bank in India. They are one of the most recent investors in Ripplr.
- Investment Focus Areas: Banking, financial services, technology
- Notable Investments: Not publicly disclosed
What's Next for Ripplr?
Ripplr stands at the cusp of significant growth opportunities, driven by the expansion of its tech platform and geographical footprint across India. The company aims to bridge the distribution and supply chain gaps for FMCG brands, leveraging AI-based predictions and efficient logistics solutions. With a robust network of 24 warehouses and services to over 80,000 retailers, Ripplr is well-positioned to capitalize on the rapidly growing Indian FMCG market.
Future fundraising opportunities appear promising as Ripplr continues to scale its operations and enhance its technological capabilities. The company’s strong unit economics and successful Series B funding round indicate potential for attracting further investments. Strategic acquisitions could also be on the horizon to bolster its distribution network and tech platform.
However, Ripplr may face challenges such as navigating diverse consumer sentiments across different regions and managing operational efficiency while scaling. Competition from established players in the logistics space and ensuring seamless integration of its tech platform are additional hurdles. Despite these challenges, Ripplr's focus on innovation and strategic growth positions it for a promising future.
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