Assiduus Global, an AI-powered cross-border, multi-platform e-commerce accelerator, has successfully raised $25 million in a pre-Series B funding round. The investment was led by Bajaj Finserv, with additional participation from Uncorrelated Ventures, Aaruha Technology Fund, Vikash Agarwal (Rupa Family Office), and other investors.
Founded by Somdutta Singh, Assiduus specializes in an AI-powered middleware platform for global e-commerce distribution and supply chain management. The company’s services are leveraged by over 150 enterprise brands in 20 countries, integrating with more than 18 global marketplaces and quick commerce platforms.
The latest funding will be used to enhance Assiduus’ AI and data capabilities, enabling its expansion into key markets like the Middle East, Europe, and Asia-Pacific. Additionally, the company aims to establish strategic partnerships with enterprises and government entities to further strengthen its presence and offerings.
Assiduus’ asset-light model, combining software, data systems, and execution infrastructure, has led to significant revenue growth and valuation increase. The company has maintained profitability at the PAT level for the past seven years, demonstrating its sustainable business approach.
The e-commerce accelerator’s end-to-end solutions encompass cross-border distribution, fulfillment, compliance, and performance tracking. With headquarters in Atlanta and operations spanning multiple countries, Assiduus continues to drive innovation in the global e-commerce landscape.
Source: Entrackr : Latest Posts