Get All Access for $5/mo

AnyMind Group Raises $29.4 Million In Series D The funds will be used to strengthen the company's advancement in the commerce enablement space and fund future acquisitions

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

AnyMind Group, an end-to-end commerce enablement company, has raised $29.4 million in its Series D funding round.

The Series D funds were raised from new investors including JIC Venture Growth Investments (JIC Venture Growth Fund I Investment Limited Partnership), Japan Post Investment Corporation (Japan Post Investment I, ILP), Nomura SPARX Investment (Japan Growth Capital Investment Corporation), and PROTO Ventures Inc. (PROTO Ventures 2 Investment Limited Partnership), along with existing investor Mitsubishi UFJ Capital (Mitsubishi UFJ Capital VII, Limited Partnership).

The funds will be used to strengthen the company's advancement in the commerce enablement space and fund future acquisitions.

"Despite COVID-19 and geopolitical situations impacting the world, we have still been able to achieve solid growth as a business. On the other hand, we are seeing economies across Asia, including our operating markets of ASEAN and India, rapidly regaining growth momentum. We will continue to grow our business at a pace that matches our ambitions, look towards expanding our capabilities through M&A and strengthen our investment and profit structure for growth, as we continue to become the next-generation infrastructure for commerce in Asia," said Kosuke Sogo, CEO and co-founder, AnyMind Group.

In March this year, the company launched AnyChat, a conversational commerce platform and in April, the company launched e-commerce management platform AnyX, which optimizes e-commerce operations through central management of multiple e-commerce channels. Funds from this round will be used to further enhance existing platforms and strengthen market share across the company's operating regions.

In addition, the funds raised will be used for future acquisitions both in Japan and internationally. To date, AnyMind Group has acquired seven companies from various parts of the region including Japan, Hong Kong, Thailand and India. "The reasons to make these acquisitions were either to acqui-hire a company's leadership, expand into new businesses or regions, acquire additional sales channels, or all three," the company said in a statement.

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 
Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

News and Trends

Multiples Private Equity Leads INR 1000 Cr Funding in Shubham Housing

With the raised funds, the Gurugram-based platform aims to propel its growth trajectory, diversifying its product offerings and strengthening its national footprint.

Business News

These Companies Offer the Best Work-Life Balance, According to Employees

The ranking is based on Glassdoor ratings and reviews.

News and Trends

Former Cleartrip CEO Ayyappan R Eyes Quick Commerce with FirstClub

After stepping down as Cleartrip's CEO earlier this year, Ayyappan brings his expertise from leading positions at Flipkart, including his role as chief business officer at Myntra.

Growing a Business

5 Effective Strategies to Boost Your Business's Online Presence

Boosting your online presence in 2025 is the key to success for businesses looking to grow. Working on your branding and reputation management is important to drive more sales and improve conversion.

Growth Strategies

Amazon To Improve Services In Tier II, III Cities: Samir Kumar, Country Manager

The bigger share of our business is coming from Tier II,III and beyond, says Samir Kumar, country manager, Amazon India