Introduction Postgres queue tech is a thing of beauty, but far from mainstream. Its relative obscurity is partially attributable to the cargo cult of “scale”. The scalability cult has decreed that there are several queue technologies with greater “scalability” than Postgres, and for that reason alone, Postgres isn’t suitably scalable for anyone’s queueing needs. The cult of scalability would rather we build applications that scale beyond our wildest dreams than ones that solve real problems beyond our wildest dreams.
E-commerce brand aggregator to use proceeds to acquire Amazon FBA brands
6 May 2021 |
The Asset
Rainforest, an e-commerce brand acquirer and aggregator based in Singapore, has raised US$36 million in a seed funding round. Operational since January 2021, the startup has already acquired three brands in the home and personal care categories.
The funding round consisted of US$6.5 million in equity financing, led by Nordstar with participation from Insignia Venture Partners, and a US$30 million debt facility from a US-based debt fund.
The company acquires consumer e-commerce brands, providing entrepreneurs a healthy exit, and invests in the acquired brands to grow them globally.