With the help of current investors, SS Supply Chain Solutions (3SC) has received Rs 31 crore, or roughly $4 million, from GEF Capital’s South Asia Growth Fund.
According to 3SC’s regulatory filing, which can be seen through the Registrar of Companies, the board approved a special resolution to issue 31,00,000 compulsory convertible preference shares at an issue price of Rs 100 apiece in order to raise Rs 31 crore.
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The board of directors has agreed that the organization will use this capital for development and growth.
According to the regulatory filings, 66.27% of the firm will be held by GEF Capital’s South Asia Growth Fund after allocation. In July 2021, 3SC completed a $15 million Series B financing led by the South Asia Fund of GEF Capital, as reported by Entrackr.
3SC’s solutions, which are driven by advanced analytics, ensure improved customer experience by lowering costs and increasing asset productivity.
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