Logistics and distribution startup Ripplr raised $3 mn in Series A funding round from private equity fund Zephyr Peacock India Growth Fund and Chand family office, Yukti. Existing investor 3one4 Capital also participated in this round.
The startup offers an AI/ML-based distribution platform that bridges the gap between brands and unorganized retail, solving for both distribution and information asymmetry at both sides. It further helps its customers optimize operations across the value chain. With a network of more than six cities including NCR, Mumbai, Pune, Chennai and Hyderabad, the startup works with more than 6K retailers across the countries.
Ripple plans to build a tech platform that will enable authorized distributors with business, finance, analytics and operation support & aims to become an asset-lite tech-led distribution company in India by 2023.