Intelligent Retail Private Limited (Ripplr) has raised $45 million from a Series C fundraise which comprised a mix of primary and secondary transactions, along with debt, and witnessed participation from new investor State Bank of India, as well as existing investors including Sojitz Corporation, 3one4 Capital and Zephyr Peacock.

Argus Partners advised Ripplr on this fundraise.

The transaction team consisted of Anindya Ghosh (Partner), Jaidrath Zaveri (Principal Associate) and Shubham Tiwary, Aradhana Pandit (Associates).

Ripplr is a Bengaluru-based company founded in 2019 that operates as a B2B retail technology platform offering Distribution as a Service to FMCG brands. It focuses on digitizing the distribution and logistics sector, aiming to build India's largest digital-first distribution platform.

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