Indian supply chain startup 3SC raises $15m in Series B funding

Photo: Pramugdha Mamgain/DealStreetAsia

Gurugram-based supply chain startup 3SC has raised $15 million as part of its Series B funding round led by GEF Capital’s South Asia Fund.

According to the company, the fundraise will be used to scale 3SC’s domestic business and augment its geographical reach further across Europe and Southeast Asia.

The company also plans to use the proceeds from the fundraise to strengthen its existing software as a service (SaaS) and analytics-based supply chain management solutions, 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. 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,” said Lalit Das, founder and chief executive officer, 3SC.

Nine-year-old 3SC offers supply chain analytics solutions to blue-chip clientele across pharma, healthcare, industrials, fast-moving consumer goods (FMCG) and e-commerce industries.

Through its solutions, 3SC helps clients in planning and distributing their products by leveraging artificial intelligence and machine learning algorithms. It also helps in management of supply chain and logistics services for these clients.

“With the onset of covid, the global supply chain management industry is ripe for modernization and 3SC is uniquely positioned as an end-to-end execution plus analytics service provider 3SC’s smart logistics solutions also play a crucial role in decarbonization of the transportation sector, which contributes more than a quarter of all energy-related greenhouse gas emissions,” said Raj Pai, managing partner at GEF Capital Partners.

Through leveraging its technology and analytics offerings, 3SC looks to help in significantly reducing greenhouse gas emissions in supply chains.

The article was first published on livemint.com.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.