October 2023 \ Business & Investment \ Business and Governance
Commerceup acquired by aspire.io

San Francisco: US-based influencer marketing platform aspire.io said on October 2 that it has acquired Indian SaaS-based ecommerce platform Commerceup for an undisclosed sum. Twelve team members along with executive leadership of Commerceup joined Aspire’s product team to build and scale influence-driven commerce.

“The Commerceup team has built a core commerce platform for some key omni-channel customers in Asia,” said Rajiv Arunkundrum, senior vice president of products at Aspire. “I’m excited for them to help us jumpstart our product and engineering investments in India. We have ambitious plans to expand our commerce capabilities with Shopify and other e-commerce platforms, and the team is already underway driving impact for our customers,” he said in a statement.

Founded by Piyush Pathak in 2019, Commerceup’s team built bespoke innovative digital commerce solutions, specializing in direct-to-consumer brands needing multilingual, multi-currency, and multi-brand functionality.

The team will now build similar products at Aspire to focus on attributable sales, scaled product seeding, and driving scalable ROI through user-generated content in ads. “This is a strategic move for enhanced innovation and collaboration, leveraging both companies’ expertise to provide clients with expanded product offerings,” said Pathak.

Tags: USA