Tech distribution and logistics platform Ripplr has raised $40 million in a Series B round VC funding led by Fireside Ventures.
The India-based startup will use the VC funding to strengthen its supply chain tech platform, grow its team and expand into newer geographies.
Bengaluru-based Ripplr has raised a total of $56 million so far.
The fundraising saw participation from new investors Bikaji and Neo Foods along with existing investors 3one4 Capital, Zephyr Peacock and Japanese conglomerate Sojitz Corporation.
The round witnessed debt participation from Strides Ventures, Alteria Capital, Northern Arc Investments and Trifecta Capital.
“With this round, we are aiming to increase our geographical footprints in India to solve the reach and visibility complications faced by all the FMCG Brands in offline distribution and supply chain,” Abhishek Nehru and Santosh Dabke, Co-founders of Ripplr, said.
Ripplr offers distribution as a service (DaaS) to brands managing and digitising operations, helping create visibility and reach with a management layer for the supply chain.
