November 28, 15:00 IST – Ripplr, a prominent player in the distribution and logistics sector, has announced a successful funding round, securing $45 million (approximately INR 402.6 Cr). The investment was spearheaded by SBI and saw participation from existing investors.
This financial injection is poised to significantly support Ripplr’s ongoing distribution and logistics operations. The startup, known for its innovative approach to supply chain solutions, is expected to utilize the funds to expand its reach and enhance its service offerings.
The funding round underscores the growing investor confidence in the logistics and distribution space, particularly within the Indian market. Ripplr’s ability to attract investment from major players like SBI is a testament to its strong market position and growth potential.
The company’s focus on leveraging technology to optimize supply chains has positioned it as a key disruptor in the industry. This funding will enable Ripplr to further innovate and scale its operations, meeting the increasing demands of the market.
With this new capital, Ripplr is well-positioned to strengthen its market presence and continue its growth trajectory in the competitive logistics landscape.
