VC Fund Investments
E-commerce enabler Nitro raises $1.8-M led by Cornerstone Venture Partners
Gurugram-based Nitro Commerce , a full-stack revenue-as-a-service platform built for ecommerce and D2C brands, has raised INR 15 crores (about USD 1.8 million) in its seed funding round led by Cornerstone Venture Partners. The funding round also saw participation from Warmup Ventures, Lead Angels, Dholakia Ventures, India Accelerator, and individual investors like Arjun Vaidya and Kunal Khattar. It is part of INR 50 crore (about USD 6 million) round the startup is aiming to raise.Cofounded by Wigzo founder Umair Mohammed, the startup claims to be India’s first revenue-as-a-service stack for ecommerce, D2C, and other retail brands. Nitro Commerce currently has one live product, Nitro X, which it claims is a cookieless technology for future-proof marketing. The startup claims to have already onboarded over 140 D2C and ecommerce brands as clients.
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