Greater Noida-based start-up Prozo has ras raised Rs 45 crore ($5.4 Million) in a pre-series B funding round led by Sixth Sense Ventures. The funding came through a mixture of debt and equity.
Apart from Sixth Sense Ventures, JAFCO Asia and other investors also participated in the round.
The company will utilise this newly-generated fund to expand its client base, warehousing and logistics network. Additionally, it eyes strengthening its SaaS (software-as-a-service) platform.
Prior to this, the company bagged Rs 76 crore in a Series A funding round in March 2022. Since its inception, the company has raised Rs 131 crore in funding.
Founded in 2015 by Ashwini Jakha, the start-up claims to offer its supply chain services to around 100 companies. According to a report by Inc42, the company has 30 omnichannel networks spread across 12 locations.
“Prozo is like an operating system of supply chains wherein brands of all sizes can customize their supply chain, leveraging Prozo’s fulfillment and logistics network. Just like companies don’t set up their own servers these days but opt for AWS-like services, companies don’t need to set up their own supply chains but opt for a full-stack, enterprise-grade, pay-per-use supply chain partner like Prozo,” Jakhar said in a statement.
Addressing the investment, said Nikhil Vora, founder and chief executive officer, Sixth Sense, said, Nikhil Vohra, the founder and chief executive officer ( “Large enterprises, as well as fast-growing D2C brands including the likes of Tata Consumer, Reliance, Hyundai, WH Smith, Snapdeal, Soothe Healthcare, Traya, Pepe Jeans, Leap and Vahdam, entrust Prozo with their supply chain management.”