Nitro Commerce Raises $5 Million Series A Led by Cornerstone Ventures
The company will use the capital to scale an AI-led identity platform that helps brands reach high-intent users on alternative channels.
Overview
- Cornerstone Ventures led the full-equity round with participation from India Accelerator & Finvolve, Equentis Wealth Advisory Services, Grand Anicut Angel Fund, Razorpay Ventures, Rukum Sitara Fund, and Ankurit Capital.
- Nitro says the funds will accelerate platform-led growth, strengthen AI and agentic capabilities, support hiring across product and engineering, and drive launches in the UAE, the US, and Southeast Asia.
- Its product suite includes NitroX for identity resolution, Nitro Ads for intent-led reach across apps such as Truecaller, Zomato, and Paytm, and Nitro Pulse, an LLM-based tool piloted with ten clients and hosted locally.
- The company reports 10x year-over-year revenue growth to $5 million in ARR, a network of over 2,500 brands, 120 million matched profiles, more than 5 billion monthly ad impressions, and over INR 20 crore in GMV.
- Founded in 2023 by Umair Mohammad, Shamail Tayyab, and Pratik Anand, Nitro also says it is targeting $10 million ARR within six months as it expands across D2C, quick commerce, marketplaces, and retail.