Tech Company Financing Transactions
Ace Turtle Funding Round
On 5/6/2023, Ace Turtle received $34 million in Series B financing from Vertex Growth, Farglory Group and InnoVen Capital.
Transaction Overview
Company Name
Announced On
5/6/2023
Transaction Type
Venture Equity
Amount
$34,000,000
Round
Series B
Investors
Proceeds Purpose
Our aim is to lead the next phase of retail in India and scale it to new heights through vertical commerce. The funds will be utilised to develop cutting-edge technological tools that ensure seamless omnichannel operations, acquire licenses for new fashion and lifestyle brands, and recruit skilled talent across all levels to support the aggressive growth plans. This will help us to expand our brand portfolio and solidify our competitive edge in the market.
Company Information
Company Status
Private & Independent
Industry
RetailTech
Mailing Address
Number 701, Tower C, 7th Floor Diamond District, Airport Roa
Bangalore, Karnataka, 560008
IN
Bangalore, Karnataka, 560008
IN
Phone
Website
Email Address
Overview
ace turtle is a vertically integrated tech platform transforming retail through technology. It's at the forefront of new-age commerce bringing efficiency and scalability through the digital transformation of traditional Brands and Retailers. Ace turtle has two business verticals -- 1. SaaS and 2. Licensed Brands. ace turtle, with its proprietary platform -- Rubicon, integrates online and offline retail channels enhancing efficiency and scalability through omnichannel transformation by intelligent use of data. Rubicon is used by large Global Brands as a SAAS Platform and is also leveraged by ace turtle for its licensed Brands portfolio. Its Licensed Brands portfolio includes long-term licenses of marquee brands Lee, Wrangler, Toys"R" Us, and Babies"R" Us. It has a complete vertical offering from design, local sourcing to D2C for western brands for the Indian Market.
Management Team
Title
Name
Email & Social
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