Lee, Wrangler retailer ace turtle raises $34 million in Series B funding

Retail firm ace turtle, which has a license for Lee, Wrangler, Toys ‘R’ Us and Babies ‘R’ Us to operate in India has raised USD 34 million (Rs 293 crore) as part of its Series B funding.

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