Ripplr raises $45 Mn from SBI and existing investors

Distribution and supply chain platform Ripplr has raised $45 million in its Series C round from State Bank of India (SBI) and existing investors. Its existing backers include 3one4 Capital, Zephyr Peacock, and Sojitz Corporation.

While Ripplr has not announced the round officially, the development was highlighted in a blogpost by 3one4 Capital. A recent Moneycontrol report said that about $30 to 32 million will come in as primary capital, while roughly $10 million will be raised through a secondary component.

Before this, the company raised over $56…