Ripplr, a full stack tech distribution company for new-age consumer brands, has raised an undisclosed amount in seed round funding led by 3one4 Capital and Sprout Venture Partners. The company was founded by Abhishek Nehru and Santosh D in June 2019.
The startup will utilize these funds to strengthen its tech and infrastructure.
In a media statement, Abhishek, Co-founder of Ripplr, said “Lower volumes of trade among newer brands, lack of adequate infrastructure and channels are primarily why logistics and distribution costs are significantly high (13 to 14 percent in India) in retail. The high distribution costs and limited availability of distributors make it an arduous journey for new-age brands to move into general trade despite several products having high demand and market fit, thus limiting new brands to modern trade/e-tail.”
Ripplr is a new B2B Logistics, Distribution Start-up with tech-enabled solutions such as Artificial Intelligence (AI), IoT (Internet-of-Things) & ML for its customers. Ripplr provides a complete package of Logistics, Distribution and Retail ecosystem solutions with complete visibility of the product in different phases of the logistics and retail ecosystem.