Omnichannel platform provider Ace Turtle raises venture debt from InnoVen

Funds raised would be used for expanding operations outside India into Southeast Asia

Ace Turtle, an omnichannel platform provider to offline retailers, has raised a round of venture debt from InnoVen Capital as it looks to expand its services outside India, starting with Southeast Asia.

"The funds raised will be used towards an aggressive expansion of our customer base, especially in South East Asia. We aim to gain leadership position in the omnichannel enterprise solution space in Asia in the next few years," said Ace Turtle CEO Nitin Chhabra.

The firm did not disclose the amount of money raised through the debt route but, going by InnoVen’s typical deal sizes, the size of the round