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Ripplr's Remarkable Growth and Funding Milestone in 2023

Tech distribution and logistics platform Ripplr secured a significant $40 million funding in May 2023, driven by its impressive 2.7X growth in the fiscal year ending March 2023. Additionally, the Bengaluru-based company reduced its losses by 32% during the same period.

Ripplr's gross revenue soared 2.7X to Rs 740 crore in FY23 from Rs 275 crore in FY22, as per its annual financial statements filed with the Registrar of Companies.

Founded four years ago, Ripplr offers a plug-and-play distribution network as a service (DaaS) to digitize and manage brand operations. It serves over 80,000 tier 2-based retailers and has partnerships with FMCG brands like HUL, Britannia, ITC, Nestle, Mondelez, Colgate Reckitt Benckiser, Godrej, Dabur, and Nivea, among others.

Goods sales accounted for 89% of Ripplr’s total gross revenue, which tripled to Rs 656 crore in FY23. Logistics and warehousing also contributed to Ripplr's revenue stream.

The cost of material consumed made up 77.5% of the overall expenditure, surging 3X to Rs 624 crore in FY23 from Rs 203 crore in FY22. Overall expenditure, including employee benefits, rent, transportation, legal, subcontractors, and other overheads, reached Rs 805 crore in FY23 from Rs 285 crore in FY22.


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