08 May 2017, India:
Bangalore-based e-commerce consultancy firm Ace Turtle has raised $5 million in its Series A round of funding from Vertex Venture Holdings Ltd, the venture capital arm of Singapore state investment firm Temasek, and Singapore-based real estate developer CapitaLand.
Founded in September 2013 by Nitin Chhabra and Berry Singh, the company provides e-commerce development tools and fully managed services, with a focus on omnichannel retail solutions.
“We looked at the market opportunity and we realized that in India, Southeast Asia, and the Middle East, all the e-commerce players are moving towards omnichannel,” said Ben Mathias, India head for Vertex. “While e-commerce companies are going omnichannel, the offline companies have been struggling to go online. For some reason, the offline retailers in Asia have not been successful going online and this has been a big problem for them.Here we are looking for a solution.”
“We see increasing demand for Omni-Channel solutions in India and in International markets. With our proprietary platform that is designed to adapt to evolving trends, we provide our clients with the tools to enable a seamless commerce experience for their customers. We endeavor to leverage Vertex’s expertise in scaling up tech companies and accelerate growth in South East Asia with CapitaLand. The funds raised will be applied toward the building of the leadership team, augment our technology platform, and toward an aggressive expansion of our customer base in India and overseas.,” says Nitin Chhabra, CEO of Ace Turtle
Ace Turtle is a technology driven platform company enabling web-influenced commerce. Its proprietary Omni-channel platform that comprises of technology, logistics and customer support enables Brands and Retailers to enhance their customers’ commerce experience.