Supply Logistics Company Prozo Raises Rs.45 Crore In Pre-Series B Funding
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Supply Logistics Company Prozo Raises Rs.45 Crore In Pre-Series B Funding

Separator
Supply Logistics Company Prozo Raises Rs.45 Crore In Pre-Series B Funding

CEOInsights Team, 0

P rozo, a supply chain company, announced on Tuesday that it had raised Rs.45 crore in a preseries B round led by Sixth Sense Ventures, through a combination of equity and debt financing. JAFCO Asia and other notable investors also participated in the round.

According to the company in a press release, the current round is a precursor to a larger series B round planned for FY24, and the funds raised will be used to expand its client base, warehousing and logistics network, and deepen its Prozo Warehousing & Logistics SaaS platform.

“Prozo is like an operating system of supply chains wherein brands of all sizes can customise their supply chain, leveraging Prozo’s fulfilment and logistics network”, said Ashvini Jakhar, Founder & CEO - Prozo.
Through a network of 30 omni-channel fulfilment centres spread across 12 locations, the company provides supply chain services to nearly 100 brands. Since its inception in 2015, the Gurgaon-based company has raised a total of 131 crores in funding. Sixth Sense Ventures also led its most recent round of funding of 76 crore.

Prozo Is Like An Operating System Of Supply Chains Wherein Brands Of All Sizes Can Customise Their Supply Chain, Leveraging Prozo’s Fulfilment And Logistics Network


“Prozo has scaled faster than expected since our last investment in March 2022 in a very responsible manner. Large enterprises as well as fast-growing D2C (direct-to-consumer) brands including the likes of Tata Consumer, Reliance, Hyundai, WH Smith, Snapdeal, Soothe Healthcare, Traya, Pepe Jeans, LEAP & Vahdam entrust Prozo with their supply chain management", said Nikhil Vora, Founder & CEO, Sixth Sense.

As supply chains become more and more complex, Prozo is well-placed to become the market leader in its segment with its end-to-end supply chain capabilities, he added.