NEW DELHI: The venture capital arms of Singapore's sovereign fund Temasek and Southeast Asia's largest real estate developer CapitaLand have teamed up to invest more than $5 million (Rs 32.2 crore) in Bengaluru-based ecommerce consultancy Ace Turtle. "While ecommerce companies are going omni-channel, the offline companies have been struggling to go online. "The startup handles ecommerce operations of brands including Puma, Ray-Ban, Fossil, Max, Arrow, Flying Machine, Ed Hardy , and US Polo. Ace Turtle said it will use the funding to enter overseas markets, starting with Southeast Asia. "We will use the money primarily to enhance our technology platform, build our leadership team and look at other markets in Southeast Asia," said Nitin Chhabra, cofounder of the firm.

Source: Economic Times May 08, 2017 03:11 UTC