Emiza Supply Chain Raises Rs 38 Cr In Funding Round Led By JM Financial - Live News America

Emiza Supply Chain raises Rs 38 cr in funding round led by JM Financial

Emiza Supply Chain Services has raised Rs 37.5 crore in a round led by Private Equity.

Besides, Mayfield India – an existing investor in Emiza participated in the series B round, Private Equity said in a statement on Thursday.

Proceeds from the investment will support augmentation of the existing technology infrastructure, foray into last-mile operations, and expansion of the company’s operations into other geographies.

Mumbai-based Emiza caters to the warehousing and fulfilment needs of direct-to-consumer (D2C) brands as well as SMEs and large corporates selling online.

Through its network of warehouses in eight cities across India, the company provides services including storage, picking, packing, and labelling.

“We believe the fundamental shift in consumers’ purchasing behaviour, and their penchant for D2C and online retail is here to stay. With a strong emphasis on enhancing customer experience, increasing efficiency and reducing cost, Emiza has developed a strong value proposition,” Darius Pandole, Managing Director and CEO, PE & Equity AIFs, JM Financial, said.

Ajay Rao, CEO, Emiza said the company has scaled up rapidly over the last three years, and envisages even faster growth n the future.

“This growth capital infusion and partnership with a seasoned investor like Private Equity will help us accelerate our current expansion plans and add other service lines to the business, including a last-mile platform to offer a complete suite of services to our customers,” he added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Source link

Leave a Comment