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Nitro Commerce raised INR 15 Cr in a seed funding round led by Cornerstone Venture Partners

Jun 25, 2024•about 1 year ago

Amount Raised

₹150 Million

Round Type

seed

GurugramRetailFashionE Commerce

Investors

Kunal KhattarArjun VaidyaIndia AcceleratorDholakia VenturesLead AngelsWarmup VenturesCornerstone Venture Partners

Description

Nitro Commerce, a martech startup, has raised INR 15 Cr in its seed funding round to provide technologies to new-age online brands and solve the customer acquisition bottleneck, aiming to increase revenue.

Company Information

Company

Nitro Commerce

Location

Gurugram, Haryana, India

About

Nitro Commerce is a martech startup aimed at providing technologies to new-age online brands to solve the customer acquisition bottleneck and help them increase revenue. Founded in 2023 by Umair Mohammed, Atyab Mohammed, Shamail Tayyab, and Pratik Anand, it claims to be India’s first revenue-as-a-service stack for ecommerce, D2C, and other retail brands. The startup has already onboarded over 140 D2C and ecommerce brands as clients, including Revlon, The Ayurveda Co. (T.A.C), and Amrutam, for its product Nitro X. Their technology does not compromise user privacy at all, yet helps brands capture almost 20-30% more data into the funnel.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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