Saturday, 18 May 2024, Bengaluru, India
3SC, a Delhi-NCR-based logistic startup, has raised $4 million in funding to increase its AI capabilities. The startup raised $4 million from its existing investor, GEF Capital’s South Asia Growth Fund. The logistics startup will be using this new fund to boost and enhance its existing artificial intelligence technology. The startup focuses on scaling up its operations and going global.
The startup previously raised $12 million in its series B funding round led by GEF Capital’s South Asia Fund in 2021. The funding just came at a time when India’s logistic sector is predicted to reach $35.86 million this year and grow a CAGR of 3% by 2028 to $40.35 billion. The startup is aiming to enhance its AI-based SAAS services with the US and Europe as its primary market reach. Founded in 2012 by Lalit Das and Sarita Das, 3SC offers supply chain analysis and logistics services to companies in the healthcare, e-commerce, FMCG, and industrial sectors. The startup provides solutions in distribution, planning, AI, and 4PL.
Image source: 3scsolution.com
The co-founder of 3SC, Sarita Das said that the aim of 3SC is to expand their operations globally and focus on enhancing SaaS services. The investment will help the startup grow and strengthen its services and platform while offering greater value to its clients and investors. The existing investor of 3SC, GEF Capital showed their confidence in the innovative solutions and potential of 3SC. The managing partner of GEF Capital, Raj Pai mentioned that they will be assisting the startup in their growth and expansion journey. The confidence of investors in 3SC shows the potential of startups.
This Delhi-based startup is planning to utilize this fund to scale up its operations, enhancing its technologies and research centers. 3SC provides an all-in-one platform that allows an individual to build and track an ultra-modern solution that drives profitability and improves efficiency. The startup offers solutions backed by advanced analytics and is focused on enhancing customer experiences through cost reduction and asset productivity. 3SC is also a supply chain solution provider, the startup offers end-to-end cold-chain solutions. 3SC will be using this fund to expand its market reach and enhance its devices. The company is also working on improving its supply chain solutions.
Conclusion:
3SC, a Delhi-NCR-based logistic startup, has raised $4 million in funding to increase its AI capabilities. The startup raised this funding amount of $4 million from its existing investor, GEF Capital’s South Asia Growth Fund. The startup is aiming to enhance its AI-Based SAAS services with the US and Europe as its primary market reach. 3SC offers supply chain analysis and logistic services to healthcare, e-commerce, FMCG, and industrial companies. The startup provides solutions in distribution, planning, AI, and 4PL. The investment will help the startup grow and strengthen its services and platform while offering greater value to its clients and investors. The Delhi-based startup is planning to utilize this fund to scale up its operations, enhancing its technologies and research centers.
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