Gurugram-based supply chain tech company 3SC has announced that it has raised $15 million in Series B round led by GEF Capital’s South Asia Fund.
Commenting on the announcement, Lalit Das, Founder and CEO, 3SC, said, “This investment round is testament to the incredible work our team is doing to help our customers drive efficiencies. With strong industry tailwinds towards digitisation and our capitalised balance sheet, we are poised to grow 2-3X in the next couple of years. We will continue to invest in building talent and technology to reinforce this exponential growth.”
Raj Pai, Managing Partner at GEF Capital Partners, added, “With the onset of COVID, the global SCM industry is ripe for modernisation, and 3SC is uniquely positioned as an end-to-end execution plus analytics service provider suited for customers of all scale and size. 3SC’s smart logistics solutions also play a crucial role in the decarbonisation of the transportation sector, which contributes more than a quarter of all energy related GHG emissions. We are very excited to partner with 3SC in its journey towards sustainable value creation.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.