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Tag: Iksula

  • TIG.Digital commits $10 Mn to scale venture studio expansion

    TIG.Digital commits $10 Mn to scale venture studio expansion

    Mumbai: TIG.Digital, a venture studio led by Samarjeet Singh, is pleased to announce a renewed commitment of $10 million to fuel its investment and venture-building focus in digital commerce services, SaaS (software as a service) solutions, and D2C (direct-to-consumer) brands.

    Founded in 2007, TIG. Digital fosters an ecosystem built on three pillars: create, capitalise, and collaborate. This unique approach empowers the venture studio to invest and build businesses in the digital commerce services and SaaS space, with a particular focus on the retail, CPG (consumer packaged goods), and B2B (business-to-business) distribution sectors. TIG. Digital is also venturing beyond its core expertise to cultivate D2C channel-lead consumer product brands.

    “We have committed to capitalizing Tig to $10 Mn to support our investing and venture-building focus in digital services, SAAS, and D2C brands.” said Samarjeet Singh.”We have created an ecosystem of technology, operations, marketing, strategy, and support services to support these businesses in all areas of business.”

    TIG.Digital boasts a proven track record of success, having already established three prominent service-based businesses: Iksula, a leader in the e-commerce services space with over 1,000 employees and a business exceeding 100 crores; Brandfanatics, a digital-first creative agency; and Revboosters, a comprehensive marketplace services digital agency. Additionally, TIG. Digital has launched its own D2C brand, ShisenFox, a premium handcrafted Japanese precision eyewear brand.

    “We are a vertical industry venture studio with a focus on building Digital Services and SAAS B2B business for Retail and CPG Business. In addition, we are looking to leverage our knowledge of Digital and its leverage to build D2C Brands”.commented Samarjeet Singh.

    “We have already built 3 businesses in the Services space which is Iksula, Brandfanatics, and Revboosters. In addition, we have also started a D2C Brand Shisenfox” Singh added.

  • Iksula acquires Ambab Infotech Pvt Ltd

    Iksula acquires Ambab Infotech Pvt Ltd

    Mumbai: Iksula, a globally recognised leader in e-commerce solutions, has announced its acquisition of Ambab.com, a prominent e-commerce development company since the last decade. Ambab was founded by Bhavik Jhaveri & Ankur Joshi and since 2018 it has been managed by professional management. This strategic move signals a pivotal moment for both organisations, propelling them towards enhanced growth opportunities and expanded digital capabilities in the dynamic e-commerce landscape.

    Iksula founded in 2007 by Samarjeet Singh (Chairman) and D.J. Basumatari (CEO) has solidified its position as a trusted partner for retailers, brands, and marketplaces worldwide. With a relentless focus on innovation and customer-centric solutions, Iksula has consistently delivered outstanding results for its clientele across the globe.

    Commenting on the acquisition, Iksula chairman Samarjeet Singh expressed his sentiments, stating, “We are delighted to welcome Ambab.com into the Iksula family. This acquisition marks a strategic milestone for us, empowering us to augment our digital capabilities and provide even greater value to our clients. Leveraging Ambab’s track record of delivering cutting-edge technology solutions, we are confident that together, we will continue to redefine the standards of excellence in the e-commerce industry.”

    Ambab.com CEO Sanjayan Nair echoed Singh’s sentiments, saying, “We are thrilled about this new chapter with Iksula. This move opens up exciting opportunities for Ambab to leverage additional resources and capabilities, accelerating our growth trajectory and enabling us to better serve our clients.”

    Under the acquisition terms, Ambab.com will operate as a business unit of Iksula, with Sanjayan Nair and the existing leadership team continuing to spearhead innovation and deliver exceptional outcomes for clients.