Ripplr, a tech-enabled distribution and logistics ecosystem platform, has announced that it has raised $ 12 million in pre-Series B round. The round was a mix of equity and debt, which saw participation from Japanese conglomerate Sojitz Corporation and Stride Ventures along with existing investors 3one4 Capital, Zephyr Peacock India Growth Fund and Chand Family Office – Yukti, supported by eminent early-stage angel investors Vivek and Abhay (Licious founders), Aniketh & Ashish (Solution Infini (now Kaleyra) founders).
With the fresh injection of capital, Ripplr plans to deploy the capital raised towards amplifying the company’s tech capabilities, product development, attracting new talent, expansion to new markets, and scaling of operations.