Social Commerce Startup Coutloot Raises $8 Mn Led By Ameba Capital
India, Sept. 9 -- Following the recent social commerce wave in India that saw startups like Dealshare, CityMall, Trell, OneCode and Otipy grow and raise funds from top investors like Tiger Global and General Catalyst, Coutloot has also joined the club by raising $8 Mn in a pre-series round, led by venture capital firm Ameba Capital.
The round also saw participation from SOSV, 9Unicorns, Astarc Ventures and existing investor Venture Catalysts. The company is expected to raise a bigger $25 Mn round soon.
The startup said it aims to use the funds for launching more services for retailers such as working capital solutions, video-stories commerce features, scaling its B2B supply chain, and stepping up hiring activities across verticals, incl...
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