Dec 22, 2022

Assiduus, the world’s fastest-growing AI-powered cross-border E-commerce Accelerator dedicated to benefiting D2C brands launch, scale, and grow across global E-commerce marketplaces, raised USD15 million in a funding round led by Pulsar Capital with participation from 9Unicorn, Venture Catalyst, StrongHer VC, Carlos Cashman (Founder of Thrasio), Rajan Navani (JetLine Group of Companies) and others. The appropriated funding shall enhance the technological architecture and business expansion across international markets like Europe and South-East Asia. Somdutta Singh, Founder and CEO, Assiduus, said, “We are pleased to have received such a significant backing from such eminent funds, especially when Assiduus is driving the next frontier of digital commerce solutions. As a global e-commerce accelerator, we have cemented an enduring presence in the industry by empowering countless brands to scale their operations across the fast-evolving e-commerce multiverse. We look forward to becoming one of the biggest disruptors in the sector by innovating new solutions and exploring uncharted geographies.” “Assiduus has the opportunity of being a global leader in the cross border e-commerce accelerator space. In the next few years, the traditional bricks-and-mortar sales and distribution model will undergo a transformation and Assiduus is helping brands drive that disruption. The company is led by a phenomenal founder and has a business model which has been profitable from the first year of operations. We are very excited to support the company in its journey to be one of the few profitable unicorns globally.” said Vish Narain, Managing Partner of Pulsar Capital – an investment firm with a founder friendly, operationally involved investment philosophy. “Assiduus is at the forefront of the global e-commerce transformation that is transpiring across industries. They’re smartly building their organization to allow them to serve customers and brands right from a maturing product seller to a multi-billion-dollar global enterprise. I feel excited and grateful to be part of this journey. “said, Carlos Cashman “I’ve always been a strong believer in the power of technology to scale both the sale and experience of great e-commerce products. With Assiduus, this experience not only becomes seamless but super-efficient too. Also excited about the global growth opportunity as digital native consumers increase their life in the metaverse. “said, Rajan Navani, JetLine Group of Companies. Share this article: