Coutloot raises Rs 59 crore in funding led by Ameba Capital

New Delhi: Social ecommerce startup Coutloot on Thursday said it has raised Rs 59 crore in a funding round, led by venture capital firm Ameba Capital. SOSV, 9Unicorns and Astarc Ventures also participated in the round. Existing investor Venture Catalysts also took part in the funding round.

Coutloot plans to use the fund for launching more services for retailers such as working capital solutions, video-stories commerce features, scale-up B2B supply chain, and stepping up hiring activities across verticals, including in technology, marketing and leadership roles, the company said in a statement.