Ace turtle

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Funds will be utilised to acquire long-term licenses of international fashion and lifestyle brands and expand the company’s proprietary technology stack Bengaluru: E-commerce solution provider Ace Turtle has raised $34 million (Rs 293 Crore) as part of its Series B funding, said the company in a press release on Tuesday. The funding round was led by investors Vertex Growth, SBI Investment Co. Ltd., Farglory, Lesing Nine, Stride Ventures, Tuscan Ventures and Trifecta Capital. Ace Turtle’s existing investors Vertex Southeast Asia and India and InnoVen Capital also participated in the round. Ace Turtle said it would use the funds to acquire long-term licenses of international fashion and lifestyle brands and expand its proprietary technology stack. “Our aim is to lead the next phase of retail in India and scale it to new heights through vertical commerce,” said Nitin Chhabra, chief executive officer of Ace Turtle. “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,” he added. Ace Turtle grew significantly in FY (fiscal year) 2023 by doubling its revenue and becoming EBITDA (earnings before interest, taxes, depreciation, and amortization) positive, claims the company. “This invest...

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 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 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 e...

Bengaluru: E-commerce solutions provider Ace Turtle has raised $34 million in a funding round led by new investors Vertex Growth, SBI Investment, Farglory, Lesing Nine, Stride Ventures, Tuscan Ventures and Trifecta Capital. Existing investors Vertex Southeast Asia & India and InnoVen Capital also participated in the round. Nitin Chhabra, CEO of Ace Turtle, said, “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.” Ace Turtle is vertically-integrated from design, local manufacturing and marketing to reach consumers directly. The Bengaluru and Singapore-based company is the exclusive licensee of global brands Lee, Wrangler, Toys“R”Us and Babies“R”Us for India and other South Asian markets. The company says its revenue doubled in the 2022-23 financial year.

E-commerce solutions provider Ace Turtle has raised $34 million led by new investors Vertex Growth, SBI Investment, Farglory, Lesing Nine, Stride Ventures, Tuscan Ventures and Trifecta Capital. Existing investors Vertex Southeast Asia & India and InnoVen Capital also participated in this round. Nitin Chhabra, CEO of Ace Turtle said, “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.” Ace Turtle is vertically-integrated from design, local manufacturing and marketing to reach consumers directly. The Bengaluru and Singapore-based Ace Turtle is the exclusive licensee of global brands Lee, Wrangler, Toys“R”Us and Babies“R”Us for India and other South Asian markets. Ace Turtle's revenue doubled in the 2022-23 financial year. James Lee, general partner of Vertex Growth said, “ The asset-light approach of Ace Turtle, their deep domain expertise in product supply chain and utilisation of data-driven insights in understanding consumer behaviour and demand, present significant opportunities for the integration of cutting-edge omnichannel tech solutions into brand operations, there...

In an exclusive interaction with MediaBrief, Nitin Chhabra, Chief Executive Officer of ace turtle, speaks about how the company manages vertical integration for brands like Lee and Wrangler, from sourcing to marketing, and how this sets them apart in the retail industry. He highlights how ace turtle distributes its products through brand webshops and online marketplaces and outlines how it has leveraged data science and technology, such as Rubicon and the Connect App, to meet evolving consumer expectations. He also speaks about ace turtle’s work as the exclusive licensee for iconic global brands like Toys ‘R’ Us and Babies ‘R’ Us and discusses the steps ace turtle is taking to achieve rapid growth. Read on. How does Ace Turtle manage the entire cycle for brands like Lee and Wrangler, from sourcing to marketing, and how this sets you apart in the retail industry? In 2021, ace turtle became the exclusive licensee of iconic global denim brands Lee and Wrangler after acquiring long-term licenses from the parent company Kontoor Brands. We are vertically integrated from design, local manufacturing and marketing to reach consumers directly. ace turtle is powered by its proprietary technology which uses data science from design to fulfilment to meet ever-evolving consumer expectations. We have an in-house product and design team that analyses consumer data and designs keeping the evolving consumer expectations in mind. We work with third-party manufacturers in India and Bangladesh...