Ripplr’s FY26 Revenue Jumps 32% To ₹1,820 Cr, Loss Narrows Over 50%

Bengaluru-based B2B distribution startup Ripplr reported a 32.4% increase in revenue to ₹1,820 Cr in FY26 from ₹1,375 Cr in the previous financial year.

The startup also narrowed its net loss by over 50% YoY to around ₹35-₹40 Cr in FY26, founder Abhishek Nehru told Inc42.

Ripplr exited March 2026 with EBITDA profitability. However, for the full financial year, it posted an EBITDA loss of about ₹23 Cr as against ₹39 Cr a year earlier. 

Its operating profit rose 71.4% YoY to ₹36 Cr in FY26 from ₹21 Cr in FY25.

The electronics vertical emerged as a major growth driver for the startup in the last fiscal year. According to Nehru, the vertical scaled rapidly as Ripplr leveraged its existing supply chain infrastructure and technology stack built for FMCG distribution.

The startup currently distributes brands such as Samsung, Hisense and Google Pixel.

Ripplr is also launching a new “distribution-as-a-service” vertical aimed at helping international brands enter India without setting up local teams. Under the model, it will manage back-end distribution, logistics and operational functions for overseas brands.

Nehru said the startup expects the new business vertical to scale to about $50 Mn in revenue by 2030.

Founded in 2019 by Nehru and Santosh Dabke, Ripplr operates a plug-and-play tech-enabled distribution platform for FMCG, ecommerce and electronics brands. It helps enterprises with warehouse onboarding, store onboarding, and logistics and distribution management.

Its logistics business also manages last-mile delivery fleets, providing vehicle tracking and cold-chain fleets. Ripplr counts brands such as Unilever, Nestle, Dabur, Godrej and Nivea among its distribution clients. On the logistics side, the startup works with companies such as Blinkit, BigBasket and Croma.

The startup currently services more than 1 Lakh retailers across 11 cities and processes over 2 Lakh orders every month.

Eye On IPO

On the back of the strong growth witnessed in FY26, Ripplr is targeting an IPO by 2028. As part of its public market plans, the startup has begun implementing governance and finance processes typically followed by listed companies.

It is also looking to close its Series D round in the coming months. Sources told Inc42 that the startup is looking to raise $30 Mn to $40 Mn in a mix of primary and secondary transactions from a Japanese investor by July.

Ripplr plans to use the fresh capital for geographic expansion, scaling its electronics business, and strengthening warehousing, logistics and technology infrastructure.

Earlier, in November last year, Ripple closed its Series C round at $45 Mn (about ₹402.6 Cr). The round was led by existing investors, with State Bank of India joining the cap table as a new investor. 

Overall, Ripple has raised a total funding of $100 Mn to date from investors like 3one4 Capital, Stride Ventures, and State Bank of India.

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