3SC receives an additional USD 4 million from GEF Capital to expand AI-based SaaS offerings.
Gurugram-based SS Supply Chain Solutions (3SC) has announced the acquisition of an additional USD 4 million from GEF Capital’s South Asia Growth Fund. This funding aims to boost the company’s AI-based Software as a Service (SaaS) offerings, focusing on the European and US markets.
The new investment is intended to enhance 3SC’s AI and technology capabilities while scaling global operations to meet increasing market demands. The primary allocation of these funds will be towards product and technology development as well as expanding into new international markets.
While expanding globally, 3SC will continue to strengthen its Indian Supply Chain Execution and Logistics Business Unit. This unit will maintain its profitability and leverage technology-led services to ensure robust financial performance and operational excellence, laying a strong foundation for long-term success.
Sarita Das, Co-Founder of 3SC, commented on the funding: “This investment is a significant milestone in our journey. It will accelerate our global growth, particularly enhancing our SaaS offerings. We are committed to amplifying our operations and delivering greater value to our clients and stakeholders.”
Raj Pai, Managing Partner at GEF Capital, stated, “We are pleased to support 3SC further. This investment reflects our confidence in the company’s leadership and innovative solutions. We believe in 3SC’s potential to significantly impact the industry, and we are committed to assisting in their growth and expansion efforts.”
This funding round follows an earlier Series B round, where 3SC secured $15 million from GEF Capital’s South Asia Fund. With continued support, 3SC aims to solidify its market position and enhance its capabilities in supply chain management SaaS and analytics.
