Singapore logistics firm Janio raises US$8 mil from Choco Up digitalnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from digitalnewsasia.com Daily Mail and Mail on Sunday newspapers.
Singapore-based start-up Rainforest is looking to acquire online direct-to-consumer personal care brands from Asia Pacific in order to scale them up.
Established in January, Rainforest was launched by executives from some of South East Asia’s top start-ups, including Carousell, Airbnb, Fave and OVO.
The company describes itself as a
‘serial acquirer’, targeting e-commerce brands that have the potential to grow.
“It’s becoming increasingly easy to anyone to set up a brand. Anyone who has an idea of what’s interesting for the market can create it and entrepreneurs can start with a relatively small capital to create the brand they want,” said co-founder and CEO JJ Chai, who previously held roles at Carousell and Airbnb.
Rainforest, a buyer of Amazon brands, launches with $36m seed funding led by Nordstar
The Rainforest team. [L-R] Elita Subaja, Business Operations & Strategy Director; JJ Chai, Co-founder & CEO; Jerry Ng, Brand Manager Premium
Singapore-based Rainforest, an acquirer and aggregator of e-commerce brands, has announced its formal launch with a seed funding of $36 million. The funding round a mix of debt and equity was led by UK-based Nordstar Partners, with participation from Insignia Venture Partners, according to a statement on Thursday.
Rainforest, Asia’s first e-commerce aggregator, was started by former executives of the used-goods marketplace Carousell and fintech firm Fave.
Singapore-based Rainforest is one of the newest entrants in the wave of startups that “roll-up” small e-commerce brands. Launched in January by alumni from some of Southeast Asia’s top startups, including Carousell, OVO and Fave, Rainforest acquires Amazon marketplace sellers. This is similar to the Amazon-centric approach taken by Thrasio, Branded Group and Berlin Brands […]
Founded by former Carousell and Fave execs, Rainforest gets $36M to consolidate Asia-Pacific Amazon Marketplace brands yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.