Lifestyle social commerce platform Trell has raised $45 million in a Series B round in order to develop its AI and ML technologies across regional languages and strengthen the team.
Trell has raised $62 million to date.
The funding was led by financial group Mirae Asset, H&M Group and co-led by LB Investments. Previous investors, along with KTB Network, Samsung Ventures, and Fosun RZ Capital have also participated in this round.
“Trell has enabled millions of Indian language internet users to discover and buy lifestyle trends, which has further fueled our need to diversify content creation, commerce in India and create sustainable opportunities for wealth creation and economic growth,” said Pulkit Agrawal, Co-Founder and CEO, Trell.
Trell has achieved over 100 million downloads and more than 50 million monthly active users on its app. Trell garnered over 20 billion monthly views in eight regional languages.
The social commerce platform is looking to launch six more languages, expanding its footprint to over 2,000 cities and towns.
