An AI-powered cross-border, multi-platform ecommerce accelerator, Assiduus Global raised $15 million in Series A led by Pulsar Capital where 9Unicorn, Venture Catalyst, StrongHer VC, Thrasio founder Carlos Cashman, among others also participated.
Assiduus Global employs patent-pending technology to assist D2C brands in launching, scaling, and expanding across global ecommerce marketplaces, enabling digital commerce through end-to-end distribution and supply chain management. The startup intends to use the new funding to improve its technological architecture and expand its global footprint into markets such as Europe and South-East Asia. Between 2021 and 2030, the Indian D2C market is expected to grow at a compound annual growth rate (CAGR) of 24%, reaching a total addressable market opportunity of $300 billion.
