Prozo Raises INR 76 Cr To Invest In Technology And Warehouse Expansion

The Bengaluru-based supply tech startup Prozo has raised INR 76Cr in its Series A funding round. The funding is led by Sixth Sense Ventures. Jafco Asia and HNIs also participated in the round. The exclusive advisor to the startup in its funding round was Dexter Capital Advisor.

As per the sources, it came to know the utilization of funds will be done in the expansion of the company's warehousing and fulfillment footprint, client base, technology and ecommerce distribution services to its clients.

Prozo was founded by Dr. Ashvini Jakhar. They claim to offer 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. Prozo serves in more than 10 categories on a hyper-growth trajectory.

Initially, prior to this round, Prozo raised the capital from Earlsfield Capital Partners LLP and other prominent angels.

The company’s technology stack includes Warehouse Management System (ProWMS), Unified Order Management System (ProOMS), Freight Recommendation & Transport Management System (ProShip), Intelligent Inventory placement Product (ProPlanning), and Insights & Analytics Product (ProInsights).

Executive Opinion:

“Prozo is revolutionizing the ecommerce supply chain for brands and enterprises via its full stack, end-to-end, multi-channel fulfillment solutions. Deeper penetration of ecommerce and proliferation of brands has led to strong tailwinds for the business that has been growing close to 40% month-on-month. We are elated to join hands with Sixth Sense and leverage their expertise and network in the consumer universe,” said Dr Ashvini Jakhar, founder and CEO of Prozo.

“Prozo is solving a key problem in a large market. By 2025, India’s ecommerce market is expected to cross $200 Bn, and there would be nearly 340 Mn ecommerce customers. Hundreds of enterprises, thousands of D2C brands and over a million SMEs will compete to serve this humongous customer base. We are excited about the pivotal role Prozo will play as a tech-driven integrated supply chain partner to these companies,” said Nikhil Vora, founder, Sixth Sense Ventures.

Tags : Prozo funding,Prozo news,Prozo capital funding

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Prozo Raises INR 76 Cr To Invest In Technology And Warehouse Expansion

Tags : Prozo funding,Prozo news,Prozo capital funding

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