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
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
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.
Profile
Ace Turtle LinkedIn Company Profile
Social Media
Ace Turtle Company Twitter Account
Company News
Ace Turtle News
Facebook
Ace Turtle on Facebook
YouTube
Ace Turtle on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Nitin Chhabra
  Nitin Chhabra LinkedIn Profile  Nitin Chhabra Twitter Account  Nitin Chhabra News  Nitin Chhabra on Facebook
Chief Financial Officer
Punit Aggarwal
  Punit Aggarwal LinkedIn Profile  Punit Aggarwal Twitter Account  Punit Aggarwal News  Punit Aggarwal on Facebook
Chief Operating Officer
Brinder Singh
  Brinder Singh LinkedIn Profile  Brinder Singh Twitter Account  Brinder Singh News  Brinder Singh on Facebook
Chief Technical Officer
Amit Kriplani
  Amit Kriplani LinkedIn Profile  Amit Kriplani Twitter Account  Amit Kriplani News  Amit Kriplani on Facebook


 

 

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