Highlights
Emiza Supply Chain Services Secures Rs 50 Crore Funding
Emiza Supply Chain Services, a prominent third-party logistics and warehousing company, has successfully raised Rs 50 crore (approximately $6 million). This funding round was spearheaded by Evolvence India, with additional participation from Mirabilis Investment.
The board of Emiza has approved a special resolution to issue 4,327 compulsory cumulative preference shares at an issue price of Rs 115,569 each to raise the targeted amount of Rs 50 crore or $6 million, as disclosed in the regulatory filing accessed from the Registrar of Companies.
Evolvence India contributed Rs 45 crore, while Mirabilis Investment Trust added Rs 5 crore in this most recent funding round. The company intends to utilise these funds to support its growth initiatives and to enhance its financial stability by securing long-term resources, as indicated in the filing.
Projected Valuation
According to startup Superb, Emiza is anticipated to reach a valuation of approximately Rs 370 crore or $44 million following the allotment. This funding appears to be part of a larger ongoing round, with valuations potentially subject to change with any additional investments.
Services Offered
Emiza provides comprehensive warehousing and fulfilment services catering to D2C brands, SMEs, and large enterprises in the online marketplace. With a network of 27 warehouses distributed across 14 cities in India, the company efficiently manages storage, picking, packing, and labelling, processing up to 300,000 B2B orders daily.
Funding History
To date, Emiza has raised over Rs 130 crore (approximately $16 million), including Rs 37.5 crore (nearly $5 million) led by JM Financial Private Equity in 2022. Prior to this investment, Mayfield held the largest external stake at 26.42%, followed closely by JM Financial.
The company has observed a year-on-year growth rate of 40%, reaching Rs 102 crore for the fiscal year ending March 2024. Nonetheless, profits for the firm fell to Rs 2.6 crore in FY24, a decrease from Rs 4.98 crore reported in FY23.