Post Date : August 1, 2021
Gurugram-based supply chain and logistics startup SS Supply Chain Solutions Pvt Ltd, more commonly referred to as 3SC, raised fresh funding of $15 million in a Series B round led by GEF Capital’s South Asia Fund.
The fresh capital will be utilised to scale its domestic business and strengthen its foothold across Europe and Southeast Asia along with enhancing its existing software and analytics through both organic and inorganic routes.
“This investment round is testament to the incredible work our team is doing to help our customers drive efficiencies,”~ Lalit Das, founder and CEO, 3SC
“With strong industry tailwinds towards digitization and our capitalized 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,” Das added.
Speaking on the investment, Raj Pai, managing partner at GEF Capital Partners, said, “With the onset of Covid, the global SCM industry is ripe for modernization and 3SC is uniquely positioned as an end-to-end Execution plus Analytics service provider suited for customers of all scale and size.”
Founded in 2012, SS Supply Chain Solutions provides logistics services and supply chain analytics solutions to companies across pharma, FMCG, e-commerce, and industrial industries. The startup offers solutions in planning, distribution, control tower, and 4PL, leveraging AI/ML.
A 4PL is a fourth-party logistics provider that takes third-party logistics a step further by looking after resources, technology, and infrastructure. A 4PL service provider will even provide supply chain solutions for businesses.