India, Jan. 7 -- AI-based marketing service provider Nitro Commerce has secured $5 Mn (INR 44.9 Cr) in a Series A funding round led by Cornerstone Ventures.

The round also saw participation from Ankurit Capital, Grand Anicut Angel Fund, Equentis Wealth Advisory Services, India Accelerator & Finvolve, Razorpay Ventures and Rukum Capital.

The startup intends to utilise the fresh capital to boost platform-led growth, strengthen AI and agentic capabilities and scale international operations as well as bringing in new hires.

"The entire fundraise is to scale the business. We also want to launch some of the products internationally, and already have a few costumes from the UAE and the US. Our goal is to focus on doubling down in UAE, US and ...