3SC (SS Supply Chain Solutions) , a Gurgaon based Next Gen Supply Chain planning and logistics company, has raised US$ 15 million in Series-B funding led by GEF Capital’s South Asia Fund. Prior to this, the company 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,” commented Lalit Das, Founder and CEO, 3SC.
“With strong industry tailwinds towards digitisation and our capitalised balance sheet, we are poised to grow 3x in the next couple of years. We will continue to invest in building talent and technology to reinforce this exponential growth,” added Das.
“With the onset of Covid, the global SCM industry is ripe for modernisation 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 Raj Pai, Managing Partner, GEF Capital Partners.