SS Supply Chain Solutions (3SC), a supply chain service, has now secured Rs 31 crore from existing investors GEF Capital’s South Asia Growth Fund.

As per the startup, the company will use these funds for growth and expansion. 

SS Supply Chain Solutions (3SC) | A Supply Chain Service

Founded by Lalit and Sarita Das and established in 2012, 3SC provides supply chain service, catering to a wide range of industries such as pharmaceuticals, healthcare, industrials, FMCD, FMCG, and e-commerce. It also delivers supply chain analytics solutions to businesses.

3SC claims to have more than 100 data scientists, over 75 clients, and has done more than 20,000 transactions till today’s date.

Furthermore, this is the first round of investment for the Gurugram-based company this year.

The board at 3SC has passed a special resolution to issue 31,00,000 compulsory convertible preference shares at an issue price of Rs 100 each to raise Rs 31 crore, its regulatory filing accessed from the Registrar of Companies shows.

The regulatory filings add that GEF Capital’s South Asia Growth Fund will hold 66.27% of the company post-allotment. 3SC raised $15 million in its Series B round, led by GEF Capital’s South Asia Fund, in July 2021.

As per the trend, GEF Capital will take over the company wholly in the coming future.

Last month, climate tech-focused private equity firm GEF Capital Partners recently closed its $325 million GEF US Climate Solutions Fund II. Its portfolio includes Blue Earth Capital, HQ Capital, ODDO BHF, and INGKA Investments. It recently signed an agreement to invest Rs 580 crore in TI Clean Mobility.

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