Ace Turtle raises $5 Mn in bridge round led by Vertex Holdings

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Tech-led retail firm Ace Turtle has raised $5 million in a bridge funding round led by its existing investor Vertex Holdings. 

According to an ET report, the company’s co-founders Berry Singh and Nitin Chhabra also participated in the round. 

The new round has come after a gap of two years for the Bengaluru-based company. It has raised $48 million to date including a $34 million round led by Vertex Ventures in May 2023 and a $4 million pre-Series B round in July 2019.

The proceeds will be used to support working capital needs, expand the company’s…



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Ace Turtle raises $5 Mn in bridge round led by Vertex Holdings


Tech-led retail firm Ace Turtle has raised $5 million in a bridge funding round led by its existing investor Vertex Holdings. 

According to an ET report, the company’s co-founders Berry Singh and Nitin Chhabra also participated in the round. 

The new round has come after a gap of two years for the Bengaluru-based company. It has raised $48 million to date including a $34 million round led by Vertex Ventures in May 2023 and a $4 million pre-Series B round in July 2019.

The proceeds will be used to support working capital needs, expand the company’s…



Source link

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.

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