India, Nov. 28 -- Update | November 28, 15:00 IST

Distribution and logistics startup Ripplr has raised $45 Mn (about INR 402.6 Cr) in its Series C round. In a blog post, Ripplr's existing investor 3one4 Capital said that the round saw participation from existing investors, with SBI joining the cap table as a new investor.

Sources told Inc42 that the round was a mix of primary and secondary transactions, along with debt, and valued the startup at around $250 Mn. The startup was reportedly valued at $100 Mn during its previous fundraise in 2023.

Ripplr plans to deploy the fresh capital for expansion and scaling its core business operations. It will use the funds to scale its new electronics distribution business, enter new territories an...