Lee, Wrangler retailer ace turtle raises $34mn in Series B funding

Retail firm ace turtle, which has a licence for Lee, Wrangler and Toys 'R' Us to operate in India, has raised $34 million in Series B funding. The round was led by Vertex Growth, SBI Investment, Farglory, Lesing Nine, Stride Ventures, Tuscan Ventures and Trifecta Capital. Existing investors Vertex Ventures Southeast Asia and India and Innoven Capital also participated.