Highlights
Funding Update for Supply Chain Startup Emiza
Emiza, a startup specialising in supply chain and warehousing solutions, has successfully secured ₹100 crore (approximately $12 million) in its Series C funding round. This funding round was co-led by Evolvence India and Mirabilis Investment Trust.
The total funding was achieved at a valuation of ₹400 crore (around $50 million) and included both primary and secondary investments, allowing for a profitable exit for some early-stage investors.
The details of this transaction were exclusively reported by Startup Superb earlier this month. Based in Mumbai, Emiza had previously raised $12.5 million from Mayfield and other investors.
Utilisation of Funds
According to a press release from Emiza, the funds will be directed towards:
- Driving innovation within the company
- Enhancing warehouse technology
- Improving automation processes
- Expanding the company’s operational footprint with new facilities
Company Overview
Founded in 2015 by Ajay Rao and Jitendra Kumar, Emiza provides comprehensive logistics and delivery management solutions specifically tailored for e-commerce businesses. The company focuses on:
- Warehousing and fulfilment services
- Optimising inventory storage and distribution through advanced technology and processes
Emiza’s services include:
- Centralised inventory control
- Multichannel order synchronisation
- Inventory storage and management
- Shipping and quality control
- Order processing
- Custom packaging
- Last mile logistics distribution
- Reverse logistics
Emiza has positioned itself as a vital player in the logistics ecosystem, offering tailored warehousing and fulfilment solutions that enhance customer experiences and promote operational excellence among its partners.
Financial Performance
During the fiscal year ending March 2024, Emiza achieved a notable 40% year-on-year growth, reaching ₹102 crore. However, the company’s profits experienced a decline, falling to ₹2.6 crore in FY24, down from ₹4.98 crore in FY23.
