
Nitro Commerce, a full-stack revenue-as-a-service platform built for ecommerce and D2C brands and cofounded by Wigzo founder Umair Mohammed, has raised INR 15 Cr (about $1.8 Mn) in its seed funding round led by Cornerstone Venture Partners.
The funding round also saw participation from Warmup Ventures, Lead Angels, Dholakia Ventures, India Accelerator, and individual investors like Arjun Vaidya and Kunal Khattar.
The funding is part of INR 50 Cr (about $6 Mn) round that the startup is aiming to raise over the next few months.
Founded in 2023 by Umair Mohammed, Atyab Mohammad, Shamail Tayyab, and Pratik A., martech startup Nitro Commerce aims to provide technologies to new-age online brands to solve the customer acquisition bottleneck and help them increase revenue.