Graas raised more than $40 million in Series A led by VC firm Kejora-led SPV Galaxy and others

August 17, 2022

Share via:

Ecommerce solutions platform Graas raised more than $40 million in Series A led by venture capital (VC) firm Kejora-led special purpose vehicle (SPV) Galaxy, Performa, Integra Partners, Yuj Ventures and AJ Capital where multiple angel investors from India and South-East Asia (SEA) also participated.

Graas scales growth for ecommerce companies by utilising artificial intelligence (AI) and machine learning (ML). To predict trends and insights, the startup essentially integrates traditional data silos with its AI and ML engine. A portion of the funds will be used to fully acquire Shoptimize, a direct-to-customer (D2C) platform based in Pune, and SELLinALL, a marketplace specialist based in Chennai. As part of the agreement, the founders of Shoptimize and SELLinALL will join the Graas board of directors and work as part of the consolidated entity. The startup will also use the funds to expand its operations in Southeast Asia and hire more people across multiple industries.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Previous News

Furniture & home décor brand Sunday Design raised $1.5Mn in funding from a clutch of family offices

Next News

PhonePe to launch a grocery delivery app for ONDC

Editorial Team

StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.