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Supply chain technology startup Prozo raises Rs 45 Cr funding

Separator
Full-stack supply chain business Prozo has raised Rs 45 crore in Pre-Series B funding through a combination of equity and debt financing, with participation from JAFCO Asia and other illustrious investors. The round was led by Sixth Sense Ventures. This round serves as a warm-up for a bigger Series B round scheduled for FY 23–24.

The money raised, according to Prozo, will be put to use to grow the company's customer base, warehouse and logistics network, and Prozo Warehousing and Logistics (PWLP) SaaS platform. "Prozo had a year of rigorous execution and quick growth last year, and we greatly benefited from having a partner like Sixth Sense along the way. Their assistance has been important, not just in terms of finance but also in terms of network and strategic ideas "said Ashvini Jakhar, Prozo's CEO and founder.

The startup has received 131 crore rupees. Its clientele and storage presence have multiplied tenfold since its most recent fundraising round. "Since our last investment in March 22 in a very prudent manner, Prozo has scaled quicker than anticipated. Prozo manages the supply chain for large businesses as well as quickly expanding D2C companies including Tata Consumer, Reliance, Hyundai, WH Smith, Snapdeal, Soothe Healthcare, Traya, Pepe Jeans, LEAP, and Vahdam "claimed Sixth Sense actor Nikhil Vora.

Gurugram-based Fast fulfilment is made possible by Prozo, a company created in 2015 by Dr. Ashvini Jakhar. Its pan-Indian warehousing and freight network is supported by a "end-to-end supply chain technology stack and control tower."

Enterprise-grade supply chain capabilities are made available to businesses of all sizes in the B2B, D2C, and B2C segments on a pay-per-use basis. Through its network of 30 omnichannel fulfilment centres dispersed across 12 sites, the startup presently offers supply chain services to 100 companies.