Ripplr, a tech-enabled distribution and logistics ecosystem platform, has announced a pre-Series B round of funding of $ 12 million.
The round included equity and debt investments from Sojitz Corporation and Stride Ventures, as well as existing investors 3one4 Capital, Zephyr Peacock India Growth Fund, and Chand Family Office – Yukti, as well as eminent early- stage angel investors Vivek and Abhay (Licious founders), Aniketh & Ashish (Solution Infini (now Kaleyra) founders).
Speaking on the fresh round of funding, Abhishek Nehru and Santosh Dabke, Co-founders of Ripplr, said, “With our new model for the FMCG distribution and retail sector, we are in the process of disrupting traditional channels. Our AI/ML-based distribution platform bridges the gap between brands and unorganised retail, solving for both distribution and information asymmetry. We are building one of India’s largest asset-light and tech-enabled FMCG distribution network and will use these fresh funds to scale our business into new geographies and build robust tech capabilities.”