PE: Logistics startup Ripplr raises $40m in Series B Round led by Fireside Ventures


  • Ripplr, a Bangalore-based distribution and logistics start-up platform, announced that it has raised $40 million in a Series B round in a mix of equity and debt.
  • The round was led by Fireside Ventures and saw participation from new investors Bikaji and Neo Foods along with existing investors 3one4 Capital, Zephyr Peacock India and Sojitz Corporation.
  • The round also witnessed debt participation from Stride Ventures, Alteria Capital, Northern Arc Investment and Trifecta Capital.

About Ripplr:

  • Set-up in 2019 by Abhishek Nehru and Santosh Dabke, Ripplr is a tech distribution and logistics platform. It offers a plug and play service for brands to distribute their products to kirana stores.
  • The platform uses AI to make predictions and decisions which helps brands deliver an integrated customer experience by elevating certainty and quality for consumers.
  • The startup has presence in Maharashtra, Delhi, Kerala, Karnataka and Tamil Nadu, where it manages 24 warehouses servicing more than 80,000 retailers.
  • It counts Dabur, Tata Consumer Products, and Godrej among its customers for its distribution service vertical, while its logistics services are used by the likes of BigBasket, Zomato, among others.

About Fireside Ventures:

  • Launched in 2017, Fireside Ventures is an early stage venture fund with a focus on consumer brands.
  • The fund aims to invest in consumer brands across sectors such as food and beverages, personal care, kids and education, Lifestyle and home products etc.
  • Fireside Ventures current portfolio includes of 33 brands like Boat, Smytten, Design Café, Bombay Shaving Company, Mama Earth, Pipa Bella, Kwik 24, and Slurrp Farm amongst others.



  • Ripplr said the funds will be to strengthen tech platform, expand team and build pan-India presence.
  • Around $12 million of the funding is in the form of debt, while the rest is equity.
  • To date, the firm has raised $56 million in funding. And, In December 2021, Ripplr had raised $12 Million in a mix of equity and debt from Sojitz Corporation, Stride Ventures, Chand Family Office Yukti, as well as Sprout Venture Partners as its investors.
  • As reported by entrackr, In FY22, Ripplr’s operating revenue jumped 5.8X to Rs 275 Crore as compared to Rs 47.8 Crore in FY21, according to the standalone financial statement with the RoC. In FY23 company recorded revenue of Rs. 900 Crore and claimed to be operationally profitable.
  • Rippler competes with likes of Udaan, Elastic run, Apnaklub, Jiomart partners and shopkirana.


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