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OnlineSales Ai has secured an undisclosed amount in pre-Series B round funding from IvyCap Ventures.
Led by IvyCap Ventures, and Core91 VC the new round funding also saw the participation from multiple institutions and angel investors including Vivek Bhargwa, Samrat Zaveri, Ramakant Sharma, Saurabh Dangwal, among others.
Speaking on the investment in OnlineSales, Ashish Wadhwani, Managing Partner at IvyCap Ventures said, “We are excited to back the vision of Ashish and OnlineSales.ai, who have earlier been part of our portfolio and is a manifestation of IvyCap’s strategy to back high-quality founders.”
“We believe the offerings from Onlinesales.ai are extremely unique, global in scale and omnichannel in nature which would democratize monetization capabilities of marketplaces, aggregators and offline brands,” Wadhwani said.
In a statement issued, the company said, “The fresh capital infusion should multi-fold our footprint in the $180 Billion Co-op Marketing industry globally.”
“The funding will allow us to Expand in the US region while doubling our transaction in India and SEA, and to invest in product and technology towards a comprehensive Co-op Marketing App Suite,” the statement added.
Commenting on the fundraise, Ashish Mehta, CEO of OnlineSales Ai said, “We are super excited to enable and innovate around Monetization & Hyperlocal Co-op Marketing use-cases in a scalable, smarter, and automated fashion.”
“With several case studies across Retail, Automotive, CPG, and Banking verticals; this newly infused capital will help us expand multi-fold in the international markets more aggressively. Looking forward to working with the brilliant team at OnlineSales.ai to amplify our traction in the $180 Billion Co-op Marketing segment globally,” Ashish added.