Ripplr is a logistics and distribution startup that is looking to raise $4.7 million in debt from IPO-bound  Northern Arc. The startup raised Rs 6 crore debt last month from venture debt company Trifecta  Capital. The company intends to use this funding amount to enhance its platform, expand its network,  meet general corporate purposes, and working capital expenses. 

The shareholders of Ripple approved a resolution to allot 400 non-convertible debentures to the  lender to raise Rs 40 crore. In May the firm’s shareholder passed a resolution to raise Rs 101 crore in  debt. This funding round was a part of this resolution. The startup provides a mobile application and a  B2B web platform allowing retailers and distributors to connect with each other directly. The platform  uses artificial intelligence to make decisions and predictions according to customer’s needs. This  enables brands to deliver a better user experience while increasing quality and certainty for customers.  

The startup offers its distribution services to clients including Godrej, Dabur, and Tata Consumer  Products. The company offers its logistic services to companies including Zomato and Bigbasket. Ripplr  secured $40 million in its series B funding round led by Fireside Ventures with participation from 3one4  Capital, Zephyr Peacock, and Bikaji. The investment will help the startup grow and expand its services  while offering greater value and experience to its customers and investors.  

This Bengaluru startup has over 24 warehouses across the country. The company operates in states  including Delhi, Kerala, Maharashtra, Tamil Nadu, and Karnataka. Ripplr has secured more than 50  million USD in funds to date. Ripplr plans to expand its services by using more advanced technologies and expanding its operations while solidifying its position in the logistics and distribution sector. The  firm will also use a portion of this investment to improve its supply chain solutions. The funding round  was a mix of equity and debt. The investment just came when India’s logistic sector is predicted to  grow a CAGR of 3 percent by 2028 and cross the 35.86 million USD mark this year.  

Conclusion: 

Ripplr, a Bengaluru-based logistic & distribution startup announced its plan to raise $4.7 million in debt  from IPO-bound Northern Arc. The startup plans to use these fresh proceeds to enhance its services,  expand its network, working capital expenses, and meet general corporate purposes. Ripplr’s  shareholders passed a resolution to allot 400 non-convertible debentures to the lender to raise Rs 40  crore. This new round was part of a resolution passed by the shareholders of Ripplr in May to raise Rs  101 crore in debt. The company claims to have customers including Zomato, Godrej, Dabur, and  BigBasket. The platform uses artificial intelligence to make decisions and deliver a better user  experience by adding quality and certainty for guests. The startup currently has over 24 warehouses across the country and it plans to establish more in the next years. The startup provides a mobile  application and a B2B web platform allowing retailers and distributors to connect directly.