Jafco Asia and HNIs also participated in the round, the startup said in a statement on Wednesday.
The funds will be used to expand Prozo’s warehousing and fulfillment footprint, client base, and technology & analytics capability, the statement added.
Founded by Dr. Ashvini Jakhar, a former Lieutenant Commander with the Indian Navy and ex-McKinsey & Company consultant, Prozo claims to provide end-to-end supply chain solutions and ‘Prime like’ (same day, next day delivery) fulfillment to SMEs, D2C brands and enterprises on a pay-per-use model.
The company serves clients like Reliance JioMart, McGraw Hill, Lavie, WinMagic Toys and many other DTC brands across more than 10 categories. Prior to this round, Prozo had raised capital from Earlsfield Capital Partners LLP and other prominent angels.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India announced between February 27 and March 2, 2022.