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InnoVen Capital funds Ace Turtle's South-East Asian expansion
Omni-channel platform company Ace Turtle, raised venture debt from InnoVen Capital to further consolidate its expansion in South-East Asia as it aims to enable omni-channel solutions to several brands across the globe.
New Delhi: Omni-channel platform company Ace Turtle, raised venture debt from InnoVen Capital to further consolidate its expansion in South-East Asia as it aims to enable omni-channel solutions to several brands across the globe.
"At Ace Turtle, as we look to expand to overseas market, we are extremely pleased to have InnoVen Capital on board supporting our aim to expand internationally. The funds raised will be used towards an aggressive expansion of our customer base especially in South East Asia. We aim to gain leadership position in the omni-channel enterprise solution space in Asia in the next few years," said Nitin Chhabra, CEO, Ace Turtle.
Ace Turtle's proprietary platform, Rubicon, integrates online and offline retail channels and enables e-commerce. Its omni-channel platform comprises technology, logistics and customer support, which enables brands and retailers to improve the experience of customers.
"We are actively exploring debt funding for growth stage companies, which have the ability to showcase differentiation that significantly creates enterprise value and has the potential to build a scalable model. Within few years of operation, Ace Turtle has scaled up rapidly and has developed a go-to platform for several high-profile retail brands," said Chin Chao, CEO South East Asia and India, InnoVen Capital.
Ace Turtle recently closed its Series A funding from Singapore-based Vertex Ventures, the venture arm of Temasek, sovereign fund of Singapore Government and C31 Ventures, the venture capital arm of CapitaLand.
