SCL declares first close of its Rs 75 crore fellowship fund

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New Delhi: Supply Chain Labs (SCL), India’s first exclusively supply-chain focused fund has announced the first close of its purpose-specific fund, at Rs 75 crore.

With the mission of selecting, collaborating and investing, this fellowship fund is investing in 50 of the most high-potential supply-chain-focused startups. SCL will be investing in its third cohort onwards via this fund and it already has 19 companies in its portfolio from its first two cohorts.
 
Supply Chain Labs counts marquee names like Lumis Partners, TCI Ventures, Blacksoil, etc. as its sponsors, anchors and LPs. It also counts several industry-leading CXOs who have defined supply chains in India amongst its LPs.
 
Since 2019, each year SCL has been selecting, collaborating and investing in an extremely distinguished group of startups disrupting supply-chain, warehousing, and logistics. It is providing them not just the capital but also the deep-engaged guidance from industry stalwarts to help startups build a stronger foundation for scale.

SCL interventions are custom-designed for each startup, depending on whether they are in the early growth stage or already in a growth stage.
 
The SCL fellowship fund is a stage agnostic fund that will potentially invest up to Rs 7.5 crore in each startup. The 19 companies that are part of Supply Chain Labs cohorts have seen >5x value expansion, and over 80% of the companies have raised follow-on capital.

This is a reflection of the potential and importance of the supply chain, the need for which has been further underscored by the Finance Minister in the policies and budgetary allocations to strengthen the country’s supply chain infrastructure.
  
“SCL is not just a fund. It is a fund plus a platform that helps startups build a stronger foundation for scale. Our value-adds beyond capital are not purely on a best-effort basis but an integral component of our offering. Be it advice from industry veterans and subject-matter experts or market access via our partners,” said Prajakt Raut, Managing Partner – SCL.
 
“Innovations in the supply chain can have a transformative impact on the country. I am therefore excited to guide emerging companies in building a robust foundation for scaling up and becoming category-defining leaders,” said Bharat Moossaddee, former CFO of Mahindra & Mahindra.
 

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