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ANS Commerce raises $2.2 million from Venture Catalysts

ans commerce funding

ANS Commerce, an e-commerce enabling firm, has secured $2.2 million in a Pre-Series A investment round headed by Door Dash’s Gokul Rajaram, who is also on the boards of Coinbase and Pinterest, and Venture Catalysts.

9Unicorns and angel investors including 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 participated in this fundraising round.

ANS Commerce will use the funds largely to hire people in the product and technology sectors, as well as scale its operations. In addition, it will spend on product development.

“ANS Commerce has always been devoted to creating tech-powered solutions to support e-commerce,” the founders said in a joint statement. We are ecstatic to have such illustrious business and product executives from all around the world join us as investors, and we look forward to continuing to develop India’s #1 full-stack brand e-commerce enabler.”

In addition, ANS Commerce has substantial expansion plans for the coming fiscal years. It now has warehouses in three cities and aims to open new ones in three to four more cities over the next few quarters.

“ANS Commerce’s aim to develop the greatest and most scalable e-commerce platform to serve companies in India and beyond has blown me away. I’m thrilled to be a part of Vibhor’s, Amit’s, Nakul’s, Sushant’s, and the entire ANS Commerce team’s adventure, and I’m confident they’ll revolutionize the e-commerce industry,” Gokul Rajaram stated.

For the next 12 months, ANS Commerce will concentrate on the Indian market, but it wants to expand into the Middle East, North America, and Southeast Asia in the near future.

“The epidemic has changed the way consumers engage with businesses, and this reflected in the rise of digital D2C brands in the last 12-18 months,” Apoorva Ranjan Sharma, Co-founder of Venture Catalysts and 9Unicorns, noted. We believe that ANS commerce has a lot of promise because the online retail industry is anticipated to reach $100 billion by 2026. We also expect this area to produce the next generation of unicorns.”

ANS Commerce seems to be empowering several businesses in the e-commerce space. I believe the company will soon emerge as a leading market player. My best wishes to the team of ANS Commerce.

Shishir Gupta, Founder and CEO, StartupLanes

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