Ripplr bags $45 Mn Series C from SBI and existing backers to ramp up distribution network

New Delhi / Bengaluru, 28 Nov 2025: Tech-enabled distribution and supply-chain platform Ripplr has secured US $45 million (roughly ₹ 400–410 crore) in its Series C round, led by SBI with participation from its existing investors including 3one4 Capital, Zephyr Peacock, and Sojitz Corporation.

Funding structure & company background

According to media reports, about US $30–32 million of the funding will be a primary capital infusion into Ripplr, while roughly US $10 million will come via secondary share sales — enabling some early investors to partially exit or reallocate holdings.

The Bengaluru-based startup was founded in 2019 by Abhishek Nehru and Santosh Dabke. Its business model is “distribution-as-a-service” (DaaS): Ripplr offers a plug-and-play tech-enabled distribution and logistics network for brands looking to manage supply chain, inventory, on-ground execution and retailer reach under one unified platform.

What Ripplr does — and its growing scale

Ripplr claims to service ~100,000 retailers across India and processes hundreds of thousands of orders every month.

Its client roster reportedly includes major FMCG and consumer brands such as Unilever, Nestlé, Tata, Godrej, Dabur, and Nivea.

The fresh capital will be used to expand its distribution-as-a-service capabilities, scale micro-fulfillment centers (MFCs), strengthen its tech stack, increase brand onboarding — including pushing into newer segments such as electronics distribution — and expand geographic footprint across India.

Financials & performance context

As per its FY25 financials, Ripplr’s gross revenue grew to ₹ 1,164 crore, up from ₹ 1,028 crore in FY24.

However, the company reported a loss of ₹ 91 crore in FY25, almost unchanged from a similar loss in the previous fiscal.

According to some sources, after this funding round, Ripplr is reportedly being valued around US $230–250 million (i.e. roughly ₹ 2,000–2,200 crore), more than double its estimated value during the last round in 2023.

What this means — for brands, retailers & the Indian supply-chain ecosystem

This funding infusion comes at a time when Indian consumer demand — especially in smaller towns and tier-2/3 cities — is rising, and supply-chain complexities continue to challenge traditional distributors. With its tech-first, asset-light DaaS model, Ripplr seems poised to offer brands a scalable and integrated alternative to manage distribution more efficiently. The fresh capital infusion could help accelerate its network expansion, improve supply-chain visibility, reduce wastage, and potentially help realize profitability in coming quarters.

Disclaimer:

This report is based on publicly available information from media reports, investor communications and company manifests. The funding amounts, valuation estimates, financial performance data and future business plans reflect statements by the company and its investors; actual results may vary. Readers are encouraged to verify from official filings, company disclosures or direct sources before taking any business or financial decision.