Rel Venture closes 1st round funding in Reverse Logistics

Reliance Venture Asset Management,an arm of the Reliance ADA Group,announced that it has successfully completed the first round of venture funding in Reverse Logistics Co,a technology enabled end-to-end reverse supply chain solutions company.

The announcement is in line with the companys recent rebranding and widening focus on investing in disruptive and sustainable business models with a sector agnostic philosophy. Kleiner Perkins Caufield & Byers and Sherpalo are co-investors in this round of funding.

Reverse Logistics uses its proprietary technology to help its customers reduce supply chain costs,increase asset recovery and improve productivity.

Harshal J Shah,CEO of Reliance Venture said,The reverse logistics space is a fairly untapped but promising sector,and will revolutionize efficiency levels of the fragmented Indian supply chain.