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E-commerce management firm Assiduus Global raises $1 mn in Series A funding

e-commerce management firm Assiduus Global has raised $1 mn in Series A funding from multiple investors for its India business.The funding, they say, will help develop and expand their brands, especially in the domain of nutraceuticals (products derived from food source) and beauty.

Assiduus Global owns brands like Irotica and Biotevia in India and partners with global Fortune 500 companies to help them build and scale their e-commerce business. The supply chain partner has raised this from VC Firm K Partners and some HNIs.

Somdutta Singh, founder, Assiduus Group said, “The funding will help us aggressively to develop stronger market offerings, expand our efforts into key markets as well as broaden and accelerate product development and technology prowess.”

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