Tiger Global and Bain Capital Ventures led a $102m Series B funding round in Ankorstore.

Tiger Global and Bain Capital Ventures led a $102m Series B funding round in Ankorstore, a curated marketplace connecting independent brands with local retailers, with participation from existing investors Index Ventures, Global Founders Capital, Alven Capital Partners and Aglae Ventures. “In the current retail climate, there have been many measures to close non-essential shops, which have left independent stores in need of flexible financing and tools to quickly adapt their offering. Ankorstore stood by our retailers through lockdowns to help them closely control their cash flow, be more responsive, and manage their stock as precisely as possible,” Nicolas D'Audiffret, Ankorstore Co-Founder.