Exclusive: Supply chain startup 3SC raises fresh funds in new round
Summary
SS Supply Chain Solutions (3SC) has raised Rs 31 crore (approximately $4 million) from existing investors GEF Capitals South Asia Growth Fund. 3SC had raised $15 million in its Series B round led by GEF Capitals South Asia Fund in July 2021.Looking at the trend, it appears that GEF Capital will take over the company wholly in the coming years.Established in 2012 by Lalit and Sarita Das, 3SC provides supply chain service, catering to a diverse array of industries such as pharmaceuticals, healthcare, industrials, FMCD, FMCG, and e-commerce. It also delivers supply chain analytics solutions to businesses.3SC claims to have more than 100 data scientists, over 75 clients and has done more than 20,000 transactions to date.3SC Solutions revenue from operations barely grew 1.71% to Rs 130.8 crore during FY23 from Rs 128.6 crore in FY22. The firm is yet to file its audited financial statements for FY24.Last month, climate tech focused private equity firm GEF Capital Partners recently closed its$325 million GEF US Climate Solutions Fund II. It recently signed an agreement to invest Rs 580 crore in TI Clean Mobility.