Ace Turtle raised $34 million as part of its Series B funding round
Our portfolio, Ace Turtle, an e-commerce solution provider, on Tuesday said it has raised $34 million, or ₹293 crore, as part of its Series B funding round led by new investors Vertex Growth, SBI Investment Co. Ltd., Farglory, Lesing Nine, Stride Ventures, Tuscan Ventures and Trifecta Capital.
Existing investors Vertex Southeast Asia & India and InnoVen Capital also participated in the round.
Founded in 2013 by Berry Singh and Nitin Chabra, Ace Turtle is a technology-focused platform that offers a full stack of an e-commerce operation from listing, payments, customer relationship management (CRM), and logistics to offline retail brands.
The firm partners brands such as Lee, Wrangler, Toys"R"Us and Babies"R"Us as their exclusive licensee for India and other South Asian markets. Ace Turtle is vertically integrated from design, local manufacturing and marketing to retail.
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