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Ripplr raises $45 Mn from SBI and existing investors

EntrackrEntrackr · 2m ago
Ripplr raises $45 Mn from SBI and existing investors
Medial

Ripplr raises $45 Mn from SBI and existing investors Distribution and supply chain platform Ripplr has raised $45 million in its Series C round from State Bank of India (SBI) and existing investors. Its existing backers include 3one4 Capital, Zephyr Peacock, and Sojitz Corporation. A recent Moneycontrol report said that about $30 to 32 million will come in as primary capital, while roughly $10 million will be raised through a secondary component. Before this, the company raised over $56 million across equity and debt. Ripplr, founded by Abhishek Nehru and Santosh Dabke, runs a tech-first and full-stack distribution network that helps brands digitize and manage their operations from demand to delivery. The platform brings together logistics, on ground execution, inventory intelligence and retailer relationships into one unified layer. The company claims it now reaches about 100,000 retailers and processes hundreds of thousands of orders each month. Ripplr has built this scale by delivering reliable execution in a challenging distribution landscape that demands strong operations and a robust tech backbone. The platform manages supply chains for major consumer companies such as Unilever, Nestle, Tata, Godrej, Nivea and Dabur. According to startup data intelligence platform TheKredible, Ripplr’s gross revenue grew by 13% to Rs 1,164 crore in FY25 from Rs 1,028 crore in FY24. The firm posted a loss of Rs 91 crore in FY25, almost identical to Rs 90 crore in the previous year.

Exclusive: FarMart set to raise $30-40 Mn in new round

EntrackrEntrackr · 2m ago
Exclusive: FarMart set to raise $30-40 Mn in new round
Medial

Exclusive: FarMart set to raise $30-40 Mn in new round B2B food supply startup FarMart is in advanced discussions to raise up to $40 million in a fresh funding round from new and existing investors. "FarMart has been in talks for this round for a while, and although discussions earlier were for a much larger raise, it is now close to being settled in the $35–40 million," said a source. Impact Fund Denmark and Greater Pacific are set to lead the round, while existing investors General Catalyst and Matrix Partners are also expected to participate. Earlier in April, FarMart raised $10 million in a mix of debt and equity. FarMart’s B2B platform digitizes the supply chain for agricultural inputs and produce by connecting nearby buyers and sellers, helping reduce logistics costs. It has built a strong retail presence across central and northern India, though its footprint in the southern states and Jammu & Kashmir remains limited. FarMart has so far raised more than $60 million, including its $32 million Series B round led by General Catalyst. The company’s operating revenue grew 30% year-on-year to Rs 1,341 crore in FY24, while it posted a net loss of Rs 68 crore. FarMart competes with Gramophone (now merged with Unnati), Agrim, Krishify, and several other players in the agri-supply ecosystem.

Ripplr reports Rs 91 Cr loss on Rs 1,164 Cr GMV in FY25

EntrackrEntrackr · 2m ago
Ripplr reports Rs 91 Cr loss on Rs 1,164 Cr GMV in FY25
Medial

Ripplr reports Rs 91 Cr loss on Rs 1,164 Cr GMV in FY25 Distribution and supply chain platform Ripplr posted nearly three-fold GMV growth in FY24. However, its growth momentum slowed sharply as it barely achieved double-digit growth in the last fiscal year. Ripplr’s gross revenue grew by 13% to Rs 1,164 crore in FY25 from Rs 1,028 crore in FY24, according to its annual financial statement. For the uninitiated, Ripplr offers a plug-and-play distribution network as a service to digitize and manage brand operations. Goods sales accounted for 92% of Ripplr's total gross revenue, which increased by 14% year-on-year to Rs 1,068 crore in FY25. Income from logistics and warehousing were other revenue drivers for the 3One4 Capital-backed firm. Cost of materials remained the largest expense for the company which formed nearly 81% of total expenditure and rose 14.5% to Rs 1,018 crore in FY25 from Rs 889 crore in FY24. However, its employee benefit expenses declined sharply by 33% to Rs 40 crore in FY25 from Rs 60 crore in FY24. Depreciation, finance costs, and professional fees collectively added another Rs 32.5 crore while other expenses, covering logistics, store operations, and miscellaneous overheads, rose 14.5% to Rs 169.5 crore. Overall, Ripple’s total expenses increased 12% to Rs 1,260 crore in FY25. Ripplr posted a loss of Rs 91 crore in FY25, almost identical to Rs 90 crore it lost in FY24. The firm’s ROCE and EBITDA margin improved slightly to -30% and -5.88% respectively. On a unit level, Ripplr spent Rs 1.08 to earn a rupee of operating revenue in FY25, compared to Rs 1.10 in the previous fiscal. The Bengaluru-based firm recorded cash and bank balances of Rs 63 crore, while current assets rose to Rs 381 crore in FY25. Ripplr is reportedly in discussions to raise Rs 400 crore from SBI and existing investors. Before this, the company raised over $45 million. According to startup data intelligence platform TheKredible, Sojitz Corporation and 3One4 Capital are their notable investors.

Exclusive: Euler Motors plans $25 Mn debt in tranches

EntrackrEntrackr · 6h ago
Exclusive: Euler Motors plans $25 Mn debt in tranches
Medial

Exclusive: Euler Motors plans $25 Mn debt in tranches Euler Motors is gearing up to raise Rs 220 crore, around $25 million, through a debt round to be executed in one or more tranches. The HeroMoto Corp-backed firm is seeking this debt infusion nine months after raising Rs 638 crore in its Series D round. According to regulatory filings accessed from the Registrar of Companies (RoC), the company is raising Rs 105 crore (approximately $11.6 million) in its first tranche through non-convertible debentures. The round is being led by BlackSoil Capital, with participation from Trifecta Venture. For this, the board at Euler Motors has passed a special resolution to issue up to 10,500 NCDs at an issue price of Rs 1,00,000 each. BlackSoil is set to lead the tranche with an investment of Rs 75 crore, while Trifecta will contribute Rs 30 crore, taking the total proposed debt raise to Rs 105 crore. According to the filing, the fresh proceeds will be used to fund requirements, including working capital, capital expenditure, refinancing of existing borrowings, and other general corporate purposes. Launched in 2018, Euler Motors is a commercial electric vehicle startup specializing in the production of three-wheelers. It follows an asset-heavy model, combining vehicle manufacturing with financing partnerships and after-sales service support. The company targets e-commerce, hyperlocal delivery, and logistics fleets with cargo-focused EV solutions. The Delhi-based firm has raised over $200 million to date, having Hero MotoCorp, GIC, and British International Investment among its lead investors. In May 2025, Euler Motors completed its Rs 638 crore Series D round. On the financial side, Euler Motors reported a 12% year-on-year increase in revenue to Rs 192.26 crore in FY25 from Rs 170.82 crore in FY24, while its losses also reduced by 12% to around Rs 200 crore during the same period.

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