Ripplr raises $45 Mn funding from SBI and existing investors

Ripplr, a distribution and logistics startup has raised $45 Mn (about INR 402.6 Cr) in its Series C funding round from State Bank of India (SBI) and existing investors. 

In a blog post, Ripplr’s existing investor 3one4 Capital said that the funding round included participation from its current investors, while SBI joined as a new addition to the cap table.

As per media reports, the round included a mix of primary and secondary transactions, along with debt, and valued the startup at around $250 million. The company was previously valued at $100 million during its 2023 fundraise.

Read also- VentureSoul Partners announces close of maiden debt fund at Rs300 crore

Ripplr plans to use the fresh capital to expand and scale its core operations. The company aims to grow its new electronics distribution business, enter additional territories, and onboard more brands across its existing markets.

Ripplr will also strengthen its distribution-as-a-service (DAAS) offering. A portion of the funds will be directed toward scaling its micro-fulfillment centres (MFCs), which cater to quick commerce players. According to one of the sources, the company currently operates six MFCs across six cities.

The 3one4 Capital blog further stated that Ripplr is “nearing EBITDA positivity and preparing for a potential IPO within the next 18 to 24 months.”

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Ripplr operates a plug-and-play, tech-enabled distribution platform for FMCG and ecommerce brands. The startup serves around 1 lakh retailers and processes thousands of orders each month. Its customer base includes major brands such as Unilever, Nestle, Tata, Godrej, Nivea, and Dabur.

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