• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, July 9, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Thrasio bags $1 billion in Series D round led by Silver Lake to foray into Indian Market

by Balraj
October 27, 2021
in Business, India News, Startups
Reading Time: 2 mins read
0
Thrasio Logo
TwitterWhatsappLinkedin

Thrasio, an Amazon product aggregator, has secured over $1 billion in a private funding round backed by technology investor Silver Lake at a valuation between $5 billion and $10 billion. The Series D round of funding also saw participation from existing investors including Advent International, Oaktree Capital Management, Peak6, and Upper90, according to a statement.

You might also like

New Academic Studies Allege Uber’s Opaque Algorithm Systematically Boosts Profits at Expense of Drivers and Passengers

CoreWeave’s Game-Changing $9 Billion Acquisition of Core Scientific

Capgemini Announces its Intention to Acquire WNS (Holdings) Limited

Thrasio Logo

Thrasio plans to use the funds to continue acquiring conceivable brands, both domestically and internationally, as well as to increase distribution through new channels. While the company has expanded itself in countries including the United Kingdom, China, Germany, and Japan in the last year, it seeks to penetrate India and explore alternative online retail platforms, according to co-founder Carlos Cashman.

Thrasio’s total investment now stands at $3.4 billion, including a $650 million debt facility from JPMorgan Chase & Co announced in September. The US-based startup had $500 million in revenue and $100 million in profit last year and is currently on track to surpass $1 billion in revenue this year.

Thrasio, which was founded in 2018 by Carlos Cashman and Joshua Silberstein, is also backed by JPMorgan Chase Bank and Goldman Sachs Asset Management, among many others. The startup’s business model focuses on acquiring third-party private label Amazon FBA businesses as well as direct-to-consumer (D2C) e-commerce brands.

Thrasio is among the early adopters of the modern “roll-up” player, and its success, combined with the diversified market opportunity, has created dozens of other startups around the globe that are replicating its concept and raising hundreds of millions of dollars in equity and debt to set up their businesses.

India’s e-commerce market is expected to reach $200 billion by 2026, according to analysts. Among India’s leading e-commerce platforms, Amazon India claims to have more than 850k vendors, while Flipkart reports having 350k+ sellers, creating a profitable market for Thrasio. According to a report, the D2C category has over 800 D2C brands and is likely to surpass a $100 billion market valuation by 2026.

Several Thrasio-style startups have emerged in India in recent months, focusing on the booming D2C momentum. Some Thrasio-style startups from India include Ananth Narayanan’s Mensa Brands, Bhavana Suresh’s 10Club, Supam Maheshwari’s FirstCry Global Bees, Utsav Agarwal & Pulkir Chhabra’s Evenflow, Rishi Vasudev’s GOAT Brand Labs, Presight Capital-backed Upscalio, and FJ Labs-backed Powerhouse91.

According to some estimates, around 5 million to 10 million third-party merchants sell their products on Amazon alone, utilizing the e-commerce giant’s massive audience and Fulfillment by Amazon channel for delivery among other distribution logistics to reduce the operational costs as well as inefficiencies has created opportunities of introducing a direct-to-consumer business from the ground up.

Tags: amazonCarlos CashmanD2CEcommerce in IndiaGoldman SachsJoshua SilbersteinJPMorgan ChaseMensa BrandsOnline aggregatorsThrasio
Tweet54SendShare15
Previous Post

How to delete dangerous joker malware from phone

Next Post

Bitcoin is not as decentralized as it seems finds studies

Balraj

Balraj writes about Startup, Business, Technology related news on Techstory... For Business Enquires related to TechStory; Get in touch on: [email protected]...

Recommended For You

New Academic Studies Allege Uber’s Opaque Algorithm Systematically Boosts Profits at Expense of Drivers and Passengers

by Anochie Esther
July 9, 2025
0
Uber

Uber, the global ride-hailing giant, is once again facing intense scrutiny over its pricing practices. Two independent academic studies, one from the prestigious Columbia Business School in the...

Read more

CoreWeave’s Game-Changing $9 Billion Acquisition of Core Scientific

by Anochie Esther
July 9, 2025
0
CoreWeave

In a landmark deal signaling a significant shift in the competitive landscape of AI infrastructure, CoreWeave, a leading AI hyperscaler, has announced its intent to acquire Core Scientific,...

Read more

Capgemini Announces its Intention to Acquire WNS (Holdings) Limited

by Anochie Esther
July 9, 2025
0
Capgemini

In a significant move set to reshape the digital services sector, global IT giant Capgemini has announced its intention to acquire WNS (Holdings) Limited, a leading digital-led business...

Read more
Next Post
Image Credits: Getty Images

Bitcoin is not as decentralized as it seems finds studies

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?