PE-VC Fund Investments
E-commerce enabler Nitro Commerce raises $5-M in Series A funding
Gurugram-based Nitro Commerce has raised $5 Mn (INR 44.9 Cr) in a Series A funding round led by Cornerstone Ventures with participation from Ankurit Capital, Anicut Capital (via Grand Anicut Angel Fund), Equentis Wealth Advisory Services, India Accelerator & Finvolve, Razorpay Ventures and Rukum Capital.Founded in 2023 by Umair Mohammed, Shamail Tayyab, and Pratik Anand, Nitro Commerce provides AI-enabled marketing platforms for D2C brands which focus on intent-based targeting, privacy-first compliance, and cross-channel performance measurement for ad campaigns.The fresh capital will be used to boost platform-led growth, strengthen its AI and agentic capabilities, scale international operations, and hire new personnel.
In Jan 2024, Nitro Commerce had attracted about USD 2 M from AdvantEdge Partners, Cornerstone Venture Partners, Dholakia Ventures, Finvolve, Warmup Ventures, Others.
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