Anna Andreeva, Senior Analyst & Managing Director covering the Consumer E-Commerce Sector, Interviews Yaniv Sarig, Co-Founder & CEO, and Arturo.
ETtech Exclusive: FirstCry to launch $75-million Thrasio-style investment venture
SECTIONS
Share
ETtech
Illustration: Rahul Awasthi
Omnichannel children’s retailer Firstcry will launch India’s largest Thrasio-style investment venture with $75 million in capital commitment from investors such as Japan’s SoftBank, TPG, ChrysCapital and Premji Invest, sources said.
Global Bees will buy, consolidate and fast-track the growth of brands that sell products on ecommerce marketplaces in India.
The model popularised by US-based Thrasio – the world’s largest acquirer of third-party private label businesses on Amazon - is picking up pace in India. About half a dozen investors have already set out to start their own ventures to acquire and grow companies this way.
Powerhouse91 building Thrasio of India by acquiring ecommerce brands
SECTIONS
Last Updated: Apr 20, 2021, 04:40 PM IST
Share
Synopsis
Powerhouse 91 uses growth capital and various e-commerce capabilities in order to take the acquired brands to the next level.
ThinkStock Photos
The company is in the final stages of acquiring multiple e-commerce brands in India.
NEW DELHI: Serial entrepreneurs Shashwat Diesh and Aqib Mohammed have launched Powerhouse91, an ecommerce venture that buys, consolidates and fast tracks the growth of brands that sell products on ecommerce marketplaces in India. The duo previously co-founded AZAH, a wellness brand for women, established in November 2018, funded by Titan Capital and other marquee investors.
(0)
JCPenney s Bill Wafford Joins as Chief Financial Officer and Thrasio adds $100 million Series C-3 raise at 50% Step Up to January 2021 Valuation
NEW YORK, April 1, 2021 /PRNewswire/ Thrasio, the consumer goods company reimagining omnichannel commerce and consumer products, released two major announcements today: the closing of a final tranche of Series C equity and a key CFO hire to join the senior leadership team.
The latest $100 million tranche closes out an already robust Series C, and brings total capital raised since December to $1.35 billion. Following recent announcements that Thrasio had closed on almost
$500 million in debt financing and
$750 million in equity financing. Thrasio made room for existing investors that could not get enough capacity in prior rounds. These Series C-3 investments were made at a 50% step up in valuation relative to the last round.
Thrasio Continues Record-Breaking Growth with Acquisition of 100th Amazon Business
LONDON, March 17, 2021 /PRNewswire/
Thrasio, the consumer goods company reimagining the world of commerce and consumer products, announced today it has acquired its 100th Amazon business. The company has turned annual profits since year one due to its unique acquisition approach and best-in-class operational capabilities; Thrasio delivers popular in-demand consumer goods to millions of satisfied customers worldwide. After 100 integrations, we re battle tested, says co-founder and co-CEO Josh Silberstein. We are closing more than a deal a week, and with each brand we onboard, we learn something new. At this point, our flywheel is not just proven - it is accelerating.