E-commerce and D2c brand Nitro Commerce secured $1.8 million in its seed funding round, which Cornerstone Venture partners led. Various investors participated in the round, including Lead Angels, Warmup Ventures, Dholakia Ventures, and India Accelerator. Individual investors, including Kunal Khattar and Arjun Vaidya, also invested in this round. Here, we are talking about Nitro commerce secured $1.8 million in its seed funding round from cornerstone venture partners.
This round was part of a $6 million goal the startup plans to secure in the next few months. The startup was founded by Atyab Mohammed, Dhamail Tayyab, and Pratik Anand and was co-founded by Umair Mohammed, the founder of Wigzo. The e-commerce startup aims to offer technologies to online brands and help them increase revenue while solving customer acquisition bottlenecks. The startup claims to be the first revenue-as-a-service stack for D2C, e-commerce, and other retail brands across the country.
The CEO and co-founder of Nitro Commerce, Umair Mohammed told inc42, that the e-commerce and D2C sector is increasing rapidly and has various merchants and brands coming online. The startup is developing core technologies to help these brands. The firm currently offers a product, Nitro X which is a cookieless technology that solves the problem of third-party cookies. Nitro claims to have various e-commerce and D2C brands as its clients including The Ayurveda co, and Revlon. The firm is expecting over 1,000 brands on Nito X by FY25.
The company plans to use these fresh proceeds to scale its operations, expand its network, enhance its platform, and meet market demands. Nitro aims to profitability by the end of 2025. The startup plans to launch Nitro AI in the next few months, this service helps brands train AI technologies and Large Language Models on their proprietary data. Nitro commerce is expected to grow and play a crucial role in India’s e-commerce and D2C economy.
Conclusion
E-commerce and D2C startup Nitro Commerce secured $1.8 million in its seed funding round led by Cornerstone Venture partners. The funding round included participation from various investors, including Lead Angels, Warmup Ventures, Dholakia Ventures, and India Accelerator. The company plans to raise $6 million in the next few months, and this round was the first step towards that goal. The startup plans to use these fresh proceeds to expand its network, scale up its operations, and enhance its technologies.
The company plans to solidify its digital presence across the country. The startup aims to use this amount to grow its online expansion and increase its exclusive brand while developing its brand image. Nitro claims to provide core technologies to help other online brands. The startup offers an online platform that claims to solve customer experience in the online age of commerce. The company offers best-in-class services for e-commerce and D2C brands.
