Ace Turtle, a retail tech startup based in India, has recently raised $34 million in a Series B funding round led by Vertex Growth, with participation from SBI Investment and other investors. The company, which provides SaaS solutions to retail companies, plans to use the funding to expand its operations and enhance its technology platform.
Ace Turtle was founded in 2013 and has since become a leading player in the retail tech industry in India. Its platform enables retailers to manage their online and offline sales channels, inventory, and logistics in a seamless and efficient manner. The company’s clients include major brands such as Lee, Puma, and Arrow.
Ace Turtle $34M Funding Round Validates its Success and Growth Potential in Retail Tech
The recent funding round is a testament to Ace Turtle’s success and potential for growth. The company has already raised $4 million in a previous funding round in 2022. With the new funding, Ace Turtle plans to expand its operations in India and Southeast Asia, as well as invest in research and development to enhance its technology platform.
The retail industry has been undergoing a digital transformation in recent years, with the rise of e-commerce and the increasing importance of omnichannel retail. Ace Turtle’s platform addresses these challenges by providing retailers with a unified platform to manage their sales channels and inventory, as well as analytics and insights to optimize their operations.
Ace Turtle’s success is also reflected in its recognition as one of the most promising retail tech startups in the world. The company was named in the Retail Tech 100 list by CB Insights in 2022, which recognizes the most innovative and disruptive startups in the retail tech industry.
The funding round led by Vertex Growth is a significant milestone for Ace Turtle, as it not only provides the company with the necessary capital to expand its operations, but also validates its business model and potential for growth. The participation of SBI Investment and other investors also highlights the confidence in Ace Turtle’s vision and leadership.
Ace Turtle’s recent funding round is a testament to its success and potential for growth in the retail tech industry. The company’s SaaS platform provides retailers with a unified solution to manage their sales channels and inventory, as well as analytics and insights to optimize their operations.
With the new funding, The Company plans to expand its operations in India and Southeast Asia, as well as invest in research and development to enhance its technology platform. The participation of Vertex Growth, SBI Investment, and other investors highlights the confidence in Ace Turtle’s vision and leadership, and validates its business model and potential for growth.
Also Read :- Elon Musk and TruthGPT: The Dynamic Duo on a Mission for a More Honest Future!
