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GEF Capital’s fund leads 3SC’s $15 million funding – NEWPAPER24

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GEF Capital’s fund leads 3SC’s $15 million funding

2021-07-30 00:30:00

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Provide chain planning and logistics firm 3SC has raised $15 million in a Sequence-B funding spherical led by GEF Capital’s South Asia Fund, its founder, Lalit Das, advised ET.
The corporate will use the cash to broaden operations and discover new tech-based merchandise.

“Covid-19 has elevated the demand for warehousing areas and it’s important for the businesses to establish the best place, dimension and site from the place they will serve the utmost variety of prospects in minimal time potential,” mentioned Das. “By means of historic information, we assist them in doing that and have seen progress within the enterprise.”

Gurgaon-based 3SC helps corporations establish warehousing location and area by way of information analytics. It had raised angel funds in 2013-14.
Das mentioned the corporate will scale up its home enterprise and likewise increase its geographical attain throughout Europe and Southeast Asia.

The corporate desires to strengthen its current software program as a service- and analytics as a service-based SCM options by way of natural and inorganic routes.

“With the onset of Covid, the worldwide SCM business is ripe for modernisation and the corporate is uniquely positioned as an end-to-end execution and analytics service supplier suited to prospects of all scale and dimension. Its good logistics options additionally play a vital function in decarbonisation of the transportation sector, which contributes greater than 1 / 4 of all power associated GHG emissions,” mentioned Raj Pai, managing associate at GEF Capital Companions.

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