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E-commerce solution provider raises $40 mn in funding round

2022-08-19

Graas, a solution provider for the e-commerce industry, said that it has raised more than $40 million in the first close of a funding round.

The Series A round was led by Galaxy (Kejora-led SPV), Performa (multi-billion European Asset Manager-led SPV), Integra Partners, Yuj Ventures (Xander Group) and AJ Capital. Angel investors based in Southeast Asia and India participated in the round as well.

Graas used part of the fundraising to acquire Shoptimize Inc, a Pune-based data specialist, and SELLinALL, a Southeast Asia marketplace expert. The founders of the two companies joined the board of Graas and will continue to be a part of the combined entity. Graas will use the money from the first round of fundraising to drive growth in Southeast Asia, and to expand its team.

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