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Shopmatic raises USD 5.7 million funding

Press Trust of India  |  New Delhi 

E-commerce technology provider Shopmatic today said it has raised USD 5.7 million from a group of investors led by venture capitalist firm ACP Pte Ltd and Spring Seeds Capital.

The company will use this fund to expand its global footprint.



"Shopmatic..Has raised USD 5.7 million of Series AA funding led by ACP Pte Ltd, a technology focussed Venture Capital firm, and Sping Seeds Capital Pte," the company said in a statement.

The technology firm at present has operators in India, and Hong Kong.

"After having successfully scaled its operations in India, and Hong Kong, Shopmatic will be using the funds to expand into other markets in Indonesia, the and the Middle East," the statement said.

As part of this round of funding, ACP Managing Partner Sameer Narula will join the board of directors of Shopmatic.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Shopmatic raises USD 5.7 million funding

E-commerce technology provider Shopmatic today said it has raised USD 5.7 million from a group of investors led by venture capitalist firm ACP Pte Ltd and Spring Seeds Capital. The company will use this fund to expand its global footprint. "Shopmatic..Has raised USD 5.7 million of Series AA funding led by ACP Pte Ltd, a technology focussed Venture Capital firm, and Sping Seeds Capital Pte," the company said in a statement. The technology firm at present has operators in India, Singapore and Hong Kong. "After having successfully scaled its operations in India, Singapore and Hong Kong, Shopmatic will be using the funds to expand into other markets in Indonesia, the Philippines and the Middle East," the statement said. As part of this round of funding, ACP Managing Partner Sameer Narula will join the board of directors of Shopmatic. E-commerce technology provider Shopmatic today said it has raised USD 5.7 million from a group of investors led by venture capitalist firm ACP Pte Ltd and Spring Seeds Capital.

The company will use this fund to expand its global footprint.

"Shopmatic..Has raised USD 5.7 million of Series AA funding led by ACP Pte Ltd, a technology focussed Venture Capital firm, and Sping Seeds Capital Pte," the company said in a statement.

The technology firm at present has operators in India, and Hong Kong.

"After having successfully scaled its operations in India, and Hong Kong, Shopmatic will be using the funds to expand into other markets in Indonesia, the and the Middle East," the statement said.

As part of this round of funding, ACP Managing Partner Sameer Narula will join the board of directors of Shopmatic.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Shopmatic raises USD 5.7 million funding

E-commerce technology provider Shopmatic today said it has raised USD 5.7 million from a group of investors led by venture capitalist firm ACP Pte Ltd and Spring Seeds Capital.

The company will use this fund to expand its global footprint.

"Shopmatic..Has raised USD 5.7 million of Series AA funding led by ACP Pte Ltd, a technology focussed Venture Capital firm, and Sping Seeds Capital Pte," the company said in a statement.

The technology firm at present has operators in India, and Hong Kong.

"After having successfully scaled its operations in India, and Hong Kong, Shopmatic will be using the funds to expand into other markets in Indonesia, the and the Middle East," the statement said.

As part of this round of funding, ACP Managing Partner Sameer Narula will join the board of directors of Shopmatic.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22