The fund raise will be used to scale 3SC’s domestic business and augment its geographical reach further across Europe and Southeast Asia.
3SC (SS Supply Chain Solutions Pvt Ltd ) , a Gurgaon based Next Gen Supply Chain planning & logistics company, has raised $15 M in Series-B funding led by GEF Capital’s South Asia Fund. Prior to this, the company has raised angel funding in 2013 -14.
The fund raise will be used to scale 3SC’s domestic business and augment its geographical reach further across Europe and Southeast Asia. The Company plans to strengthen its existing Software as a service (SaaS) and Analytics as a service (AaaS) based SCM solutions through both organic and inorganic routes.
“This investment round is testament to the incredible work our team is doing to help our customers drive efficiencies,” said Mr. Lalit Das, Founder and CEO, 3SC.
“With strong industry tailwinds towards digitization and our capitalized balance sheet, we are poised to grow 2-3x in the next couple of years. We will continue to invest in building talent and technology to reinforce this exponential growth”, he added.
Founded in 2012 by Lalit Das & Sarita Das, 3SC is a leading integrated supply chain service provider and offers Supply Chain Analytics solutions to blue-chip clientele across Pharma/Healthcare, Industrials, FMCD, FMCG and E-commerce industries. The Company’s efficient execution solutions and proprietary technology stack, developed using advanced analytics and AI & ML tools, helps in orchestrating complex supply chains while driving compelling ROIs for its diverse customer base in India and Europe.
“With the onset of Covid, the global SCM industry is ripe for modernization and 3SC is uniquely positioned as an end-to-end Execution plus Analytics service provider suited for customers of all scale and size. 3SC’s smart logistics solutions also play a crucial role in decarbonization of the transportation sector, which contributes more than a quarter of all energy related GHG emissions. We are very excited to partner with 3SC in its journey towards sustainable value creation.” said Mr. Raj Pai, Managing Partner at GEF Capital Partners.
3SC provides a comprehensive range of tech-enabled end-to-end supply chain solutions in Planning, Distribution, Control Tower & 4PL services leveraging AI/ML, Analytics and Digital technologies. Their product/service offerings have powered many organizations and helped propel their Digital Transformation journey by achieving industry leading business outcomes in operational excellence, cost leadership, sustainability measures and productivity gains
In addition to increasing visibility, responsiveness, and resilience in client’s supply chain, 3SC also helps in significant reduction of GHG emissions in supply chains by leveraging its sophisticated technology and analytics offerings.
Source: Business World
