Results · Commerce & Consumer Brands

Ripplr narrows losses, targets IPO by 2028

What they do

Ripplr is a tech-enabled B2B distribution platform for FMCG and electronics brands

FY26 revenue rose 32.4% to ₹1,820 Cr while net loss narrowed significantly year-on-year

The company targets an IPO in 2028 and plans a new Series D funding round

Ripplr reported ₹1,820 Cr revenue for FY26, marking a 32.4% year-on-year increase.
Net loss narrowed by over 50% to approximately ₹35-₹40 Cr compared to the previous fiscal year.
EBITDA loss improved to ₹23 Cr from ₹39 Cr, with the company achieving profitability in March 2026.
Operating profit grew 71.4% to ₹36 Cr, driven by strong performance across its core verticals.
The company plans to raise $30-40 Mn in Series D funding expected to close in July.
Founders target an IPO in 2028 after scaling operations and strengthening logistics capabilities.
New fundraising will support expansion into electronics and enhance warehousing and technology infrastructure.
Total capital raised to date stands at $100 Mn including previous rounds led by existing investors.

Profitability milestones signal operational efficiency improvements in a competitive distribution market.
Electronics vertical serves as a major growth driver leveraging existing FMCG supply chain strengths.
Strategic focus on international brand entry supports long-term revenue diversification goals.

Ripplr operates a plug-and-play tech-enabled B2B distribution platform for FMCG and electronics.
Services include warehouse onboarding, store management, and comprehensive logistics and distribution solutions.
Core clients include major FMCG brands like Unilever, Nestle, Dabur, and Godrej.
Electronics division distributes products from Samsung, Hisense, and Google Pixel globally.
Logistics business manages last-mile delivery fleets with vehicle tracking and cold-chain capabilities.
Key logistics clients include quick commerce players like Blinkit and BigBasket.
Platform connects over 1 Lakh retailers across 11 cities handling 2 Lakh orders monthly.
New vertical offers distribution-as-a-service for international brands entering the Indian market.
Target includes generating $50 Mn revenue from international brand services by 2030.

Raise $30-40 Mn in Series D funding from Japanese investor by July.
Scale electronics distribution and strengthen warehousing and logistics technology.
Launch distribution-as-a-service for international brands targeting $50 Mn revenue by 2030.
Prepare for IPO in 2028 following successful scaling and profitability milestones.

Product: and logistics startup
Customers: FMCG and consumer brands seeking digitized retail distribution networks
How it makes money: Charges distribution-as-a-service fees and margins on goods moved across retail endpoints
What sets it apart: Full-stack distribution model integrating logistics, inventory intelligence, and micro-fulfillment centers