Full-stack supply chain company Prozo has secured Rs 45 crore in Pre-Series B funding through a combination of equity and loan financing, with participation from JAFCO Asia and other illustrious investors. The round was headed by Sixth Sense Ventures.
According to a news statement from Prozo, the money will be used to grow the company’s clientele, warehouse and logistics network, and further develop the Prozo Warehousing and Logistics (PWLP) SaaS platform.
Including this round, the Gurugram-based business has received a total of Rs 131 crore. According to the business, since the previous fundraising round, both its clientele and warehouse footprint have multiplied by 10.
With its pan-Indian warehouse and freight network, which is supported by an end-to-end supply chain technology stack and control tower, Ashvini Jakhar’s company Prozo allows quick fulfilment. Enterprise-grade supply chain capabilities are made available to businesses of all sizes in the B2B, D2C, and B2C segments on a pay-per-use basis.
The firm asserts that through its network of 30 omni-channel fulfilment centres dispersed over 12 cities, it offers supply chain services to 100 companies.
Tata Consumer, Reliance, Hyundai, WH Smith, Snapdeal, Soothe Healthcare, Traya, Pepe Jeans, LEAP, and Vahdam are some of its customers.
