Ripplr Raises INR 200 Cr From Sojitz Corporation, Others

Core Insights - Ripplr, a distribution and logistics startup, has raised INR 200.3 Cr (approximately $22.6 Mn) from existing investors, led by Sojitz Corporation, with participation from 3one4 Capital and Trifecta Capital [1][5] - The startup provides a tech-enabled distribution platform for FMCG and ecommerce brands, assisting in warehouse onboarding, store onboarding, and price management [4][5] - Ripplr's logistics division manages last-mile delivery fleets, offers cold chain solutions, and provides vehicle tracking services [4] Investment Details - Sojitz Corporation invested INR 191.6 Cr by allotting 3.1 Lakh Series C1 CCPS shares at an issue price of INR 6,119 each [2] - 3one4 Capital and Trifecta Capital contributed INR 8.3 Cr and INR 63.9 Lakh, respectively, to the funding round [1][3] Financial Performance - Ripplr's net loss increased by 43.5% to INR 89.15 Cr in FY24, compared to INR 62.09 Cr in the previous fiscal year [6] - Operating revenue grew by 38.9% to INR 1,028.38 Cr from INR 740.22 Cr in FY23 [6] Clientele and Market Position - Ripplr serves notable brands such as Colgate, Britannia, and Dabur, and has clients in its logistics business including BigBasket, Blinkit, and Croma [5] - The company competes with other players like Udaan and ElasticRun, as well as traditional distributors [5]