Tech distribution and logistics platform Ripplr's FY23 revenue jumps 169% to Rs 740 crore

Bengaluru-based Ripplr showcased an extraordinary financial performance in the fiscal year ending March 2023. Ripplr is a full-stack tech distribution and logistics company that offers data-driven analytics and plug-and-play systems.

Revenue growth

The startup witnessed a nearly 170% increase in its gross revenue, reaching Rs 740 crore, up from Rs 275 crore the previous year, Entrackr reported. The growth spurt was significantly fueled by the company's services to over 80,000 tier 2-based retailers and partnerships with leading FMCG brands.

The startup efficiently managed its finances, reducing losses by 32% to Rs 62 crore in FY23 from Rs 91 crore in FY22. 

Revenue drivers and expenditure analysis

The lion's share of Ripplr's revenue, amounting to 89% or Rs 656 crore, came from goods sales, showcasing a threefold increase. Logistics and warehousing emerged as other significant contributors to the revenue stream.

On the expenditure front, the cost of material consumed took up 77.5% of the total expenses, which increased threefold to Rs 624 crore in FY23.

Funding and investors 

Ripplr has raised over $54 million in funding from investors, including 3one4 Capital, Stride Ventures, Alteria Capital, Zephyr Peacock India, Bikaji Foods, Trifecta Capital, Fireside Ventures, and Northern Arc. 

Ripplr’s strategic focus on providing integrated distribution solutions has established long-term relationships with its clients, ensuring a sustainable business model.