ANS Commerce, a full-stack e-commerce enablement startup, has raised $2.2 million in a Pre-Series A funding round led by Gokul Rajaram of Door Dash, also a board member at Coinbase and Pinterest; and Venture Catalysts.
This funding round also saw participation from 9Unicorns and angel investors such as Kunal Shah of CRED, Kunal Bahl and Rohit Bansal of Snapdeal, Umang Kumar of CarDekho, Varsha Rao of Nurx, Manik Gupta of Microsoft, Shobhit Singhal and Archishman R of Gojek and Touchstone LLP.
With the raised funds, the platform plans to primarily hire talents across product and tech verticals besides scaling operations. In addition, it will also be investing in product development.
Founded in 2017 by Vibhor Sahare, Amit Monga, Nakul Singh, and Sushant Puri. The start-up is a full-stack e-commerce enabler for online brands, it also offers end-to-end solutions such as platform support, performance marketing, marketplace management as well as warehousing, and fulfilment.
ANS Commerce has also developed major expansion plans in the current financial year. With its warehouse currently available in three cities, it plans to introduce such facilities in 3-4 more locations over the next few quarters.
The start-up’s main focus will be on the Indian market in the next 12 months but plans to expand its footmark into the Middle East, North America, and Southeast Asia soon.
A joint statement from the founders said, “ANS Commerce has always remained committed to building tech-powered solutions to enable e-commerce. We are thrilled to have such eminent business and product leaders from around the globe backing us in our journey as investors and look forward to continuing building India’s #1 full-stack brand e-commerce enabler.”
Gokul Rajaram said, “I have been extremely impressed with ANS Commerce’s mission to build the best and most scalable e-commerce platform to serve brands in India and beyond. I’m excited to partner with Vibhor, Amit, Nakul, Sushant, and the entire ANS Commerce team on their journey, and strongly believe they will revolutionise the e-commerce industry,”.
Apoorva Ranjan Sharma, Co-founder of Venture Catalysts and 9Unicorns, said, “The pandemic has disrupted the way consumers are interacting with brands and this reflects in the growth of digital D2C brands in the last 12-18 months. We see massive potential for ANS commerce as the online retail market is expected to reach $100 billion by 2026. We also expect the next set of unicorns emerging from this segment.”