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Third-party logistics provider Emiza has raised Rs 100 crore in its Series C funding round led by Evolvence India and Mirabilis Investment Trust.
The equity round, valued at ₹400 crore, included both primary and secondary transactions, providing a partial exit to early investors Mayfield and Dileep Nath.
The company plans to use the funds to strengthen its management team, improve automation and technology and develop new services for faster deliveries. By focusing on quicker fulfillment, the company aims to meet the growing customer demand for speedier deliveries.
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Ajay Rao, Founder and CEO at Emiza, said "We're cautiously optimistic about the dark store model. While it proves effective for quick commerce players generating high demand, it presents significant cost challenges for brands running their own websites to offer super-fast deliveries, such as one- or two-hour windows. Though some brands are exploring this approach, its long-term sustainability remains uncertain. Instead, we believe the focus will be on six-hour or same-day deliveries."
"No matter the delivery model—whether quick commerce or city-based dark stores for B2C orders—brands still require a well-positioned warehouse near the city to support these operations efficiently. Feeding dark stores locally and maintaining robust regional support is essential. This growing demand for regional warehouses to supply forward stores is the trend we’re betting on," he added.
About Emiza
Founded in 2015, Mumbai-based Emiza was founded by Ajay Rao, Emiza also plans to expand its warehousing network as the demand for faster deliveries grows. Brands are looking to store inventory in multiple cities to meet the needs of quick commerce platforms and their own channels, creating a need for decentralized, regional storage.
Emiza partners with companies across various sectors, including Mamaearth and Pilgrim in beauty and personal care, Snitch and Souled Store in apparel and Yoga Bar and Slurrp Farm in FMCG.
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