Retail tech firm Ace Turtle raises Rs 293 cr from Vertex, others

Ace Turtle, a retail technology firm, has raised $34 million (Rs 293 crore) in funding it will use for business growth and hiring.

The Series B funding round was led by new investors Vertex Growth, SBI Investment Co. Ltd., Farglory, Lesing Nine, Stride Ventures, Tuscan Ventures and Trifecta Capital. Existing investors Vertex Southeast Asia & India and InnoVen Capital participated in the round, too.

“The funds will be utilised to develop cutting-edge technological tools that ensure seamless omnichannel operations, and acquire licenses for new fashion and lifestyle brands,” said Nitin Chhabra, chief executive officer of Ace Turtle.