Ripplr, a Bengaluru, India-based tech-enabled distribution and logistics ecosystem platform, raised $12 million in pre-Series B funding.
The funding round was a mix of equity and debt, saw participation from Sojitz Corporation, a Japanese conglomerate, and Stride Ventures, along with existing investors 3one4 Capital, Zephyr Peacock India Growth Fund, and Chand Family Office—Yukti.
Supported by eminent early-stage angel investors Vivek Gupta and Abhay Hanjura, founders of Licious, Aniketh and Ashish founders of Solution Infini (now Kaleyra), the company said in a statement.
Ripplr plans to use the funds for enhancing the company’s technology capabilities, product development, hiring new employees, and expanding to newer markets.
Company: Intelligent Retail Pvt. Ltd.
Raised: $12.0M
Round: pre-Series B
Funding Month: December 2021
Lead Investors:
Additional Investors: Sojitz Corporation, Stride Ventures, 3one4 Capital, Zephyr Peacock India Growth Fund, Chand Family Office—Yukti, Vivek Gupta, and Abhay Hanjur
Company Website: https://ripplr.in/
Software Category: Distribution and logistics ecosystem platform
About the Company: Intelligent Retail (Ripplr) is an AI-driven full-stack distribution company that offers Distribution as a service to brands. Ripplr is focused on digitizing segments of Trillion-dollar, age-old distribution industry to reach products and services to the retail market through a plug-n-play, highly visible, and easy-to-scale digital platform. Ripplr with its eponymous members is building both digital and offline capabilities that would enable brands from testing their products on the targeted market to scaling distribution from 100s of retail stores to 10s of thousands of stores across geographies.
Source: https://www.vccircle.com/distribution-platform-ripplr-raises-12-mn-in-pre-series-b-round