Bengaluru-based omnichannel platform company, Ace Turtle has decided to enable more than Rs 1,000 crore sales through its platform for the partner brands in the ongoing financial year.
The company has already raked in Rs 260 crore of sales in the financial year 2017-18 for its brand partners on its omnichannel platform in India for more than 30 enterprise retail brands that are live on its platform, a more than 8x jump from Rs 30 crore in the previous fiscal, it said in a statement.
Ace Turtle integrates all offline and online retail sales channels for the brands, providing a single view of inventory and order.
“With the online retail market in South East Asia growing at 30% CAGR, enterprise retail brands need a consistent presence across all offline and online sales channels. Our ever-evolving platform is fully equipped to help brands succeed in the omnichannel world. Our current portfolio of top retail brands puts us in a market leadership position in the current ecosystem, as we look to scale up through strategic expansion in the Asia-Pacific region," said Nitin Chhabra, CEO of Ace Turtle.
Ace Turtle has recently partnered with Bengaluru International Airport to digitize travel retail and also launched its cross-border platform for global brands such as Jennifer Lopez and Jones New York for e-commerce enablement in India and South East Asia. Ace Turtle has recently expanded in South East Asia with Singapore being its regional office.