With the help of Mirabilis Investment, the third-party logistics and warehousing company Emiza Supply Chain Services, founded by Evolvence India, has raised Rs 50 crore, or roughly $6 million.

According to its regulatory filing obtained from the Registrar of Companies, the Emiza board has adopted a special resolution to issue 4,327 mandatory cumulative preference shares at an issue price of Rs 115,569 apiece in order to raise Rs 50 crore, or $6 million.

In the most recent investment round, Mirabilis Investment Trust contributed Rs 5 crore, while Evolvence India led the round with Rs 45 crore. According to the filing, the company will use these proceeds to accomplish its expansion goals and to create long-term resources that will improve its financial condition.

Furthermore, as per a vredible source, the company's post-allotment valuation will be approximately Rs 370 crore, or $44 million. This appears to be a continuing round, and additional infusion could change the valuation.

For D2C brands, SMEs, and major online retailers, Emiza provides warehousing and fulfillment services. It processes 3 million B2B orders every day and oversees storage, selecting, packing, and labeling in 27 warehouses spread across 14 Indian cities.

To date, Emiza has raised more than Rs 130 crore, or around $16 million, including Rs 37.5 crore, or almost $5 million, in 2022 under the leadership of JM Financial Private Equity. With 26.42%, Mayfield was the biggest external stakeholder prior to the present investment, followed by JM Financial.

The company's fiscal year ended in March 2024 saw a 40% year-over-year increase to Rs 102 crore. Nevertheless, the company's earnings decreased to Rs 2.6 crore in Financial year 2024 from Rs 4.98 crore in FY23.