[Portfolio News] Distribution startup Ripplr raises $12 million in debt, equity
Zephyr Peacock invests in small and medium sized enterprises operating across financial services, food and agriculture, and infrastructure ancillaries sectors. The Fund has invested in Ripplr, a tech-enabled logistics services provider and distributor of retail consumer products.
Click here to read the full article on ‘The Economic Times’
Below is an excerpt from the post that first appeared on The Economic Times on 23 December 2021:
Distribution and logistics startup Ripplr has raised $12 million (around Rs 90 crore) in a funding round with a mix of equity and debt from Japanese firm Sojitz Corporation and Stride Ventures. The pre-series- B funding round also saw participation from existing investors 3one4 Capital, Zephyr Peacock India Growth Fund, and Chand Family Office.
The Bengaluru startup had raised $3 million series-A round in January 2021.
Angels who support early-stage investments such as the Licious founders Vivek and Abhay; and the Kaleyra founders Aniketh and Ashish, also participated, the Bengaluru startup said.
