We are thrilled to announce that we have raised $5 million in a Series A funding round led by Cornerstone Ventures, with participation from an incredible group of partners including India Accelerator & Finvolve, Razorpay Ventures, and many others.
When we started Nitro Commerce, we had one simple belief: Growth should be profitable and data-driven. Today, that belief has turned into a platform used by over 2,500 of India's favourite brands like Rare Rabbit, Dot & Key, Pepperfry, and Blue Tokai.
Commenting on the raise, Umair Mohammed, Founder and CEO, Nitro Commerce, said,
"We've always believed that DNA matters. Growth has been at the core of everything we've built since day one. This round helps us accelerate toward our next milestone, and we're grateful to our investors, partners, team, and the thousands of customers who've placed their trust in us. For us, it's still day zero as we build a one-of-its-kind growth platform, starting with India and expanding globally."
In just last 12 months, we've seen our revenue grow 10x, reaching an annual recurring revenue (ARR) of $5 million. But we aren't stopping there. With this new funding, we are on track to hit $10 million ARR within the next six months.
The D2C economy in India is headed toward a $1.9 trillion market by 2030. Yet, most brands are stuck in a "duopoly" where they spend all their money on Meta and Google, often without knowing what's actually working. We built Nitro to be the "AI growth layer" that fixes this.
We've built a full-stack solution to help brands move beyond vanity metrics:
We are humbled by the trust our investors have placed in our vision. Here is why they decided to back us:
We are particularly impressed by Nitro's modular approach, which allows brands to deliver unified, cross-channel analytics. We have a strong conviction in the team's ability to build a business of multi-billion-dollar scale.
Nanika Kakkar
Partner @ CornerStone Ventures
Nitro Commerce stands out for its deep understanding of pain points for internet businesses and a clear ambition to reimagine marketing for a digital-first world.
Vishnu Acharya
Strategy & Corp Dev Head @ Razorpay
What excites us most is Nitro's ambition to become the growth operating layer beyond traditional ad platforms, unifying identity, intent, and activation across channels.
Deepak Sharma
Co-Founder & MD @ India Accelerator & Finvolve
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