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THRASIO BANKRUPTCY
House of cards: Roll-up ecommerce model stumbles as founders reclaim brands amid funding strugglesOvervalued acquisitions, financial mismanagement, and unmet promises have led to founders buying back brands at a fraction of the original ...
Fintech funding shows recovery; Cracks in India’s ecomm roll-upsFintech deals are beginning to bounce back after a two-year slowdown. This and more in today’s ETtech Morning Dispatch.
Roll-up brands firm Goat Brand Labs raises $21 million in a mix of debt and equityBlackRock, Mayfield, and NB Ventures, among others, chipped in, while some existing investors like Flipkart’s venture arm stayed away. Foun...
Amazon aggregator Thrasio emerges from bankruptcy, appoints CEOFox, previously the company's chief operating officer, would succeed Greg Greeley, who would step down from the position after the company ...
Ecommerce roll-up companies pause brand buyouts, seek funds for survivalSmaller startups in the ecommerce roll-up space like 10club and Upscalio have either pivoted or are looking to be acquired while bigger riv...
Ecommerce roll-up firms in distress; how Krafton scripted BGMI returnThrasio-style ecommerce roll-up companies such as Goat Brand Labs are struggling to survive amid an overall funding squeeze. This and more ...
D2C startup 10club appoints Kavitha Rao as COO & cofounderKavitha Rao would spearhead its retail operations across both online and physical channels, while also shaping the firm’s category roadmap ...
What's in and what's out in 2024: Changes coming in workplace, travel, business and economyIn 2024, workplaces shift towards mandatory office presence, ending remote work era. Travel sees a rise in short trips to visa-free countri...
FirstCry parent files IPO papers, to raise Rs 1,816 crore via sale of new sharesExisting investors including SoftBank, Premji Invest also selling shares; company to use IPO proceeds for new stores, overseas expansion
Mensa Brands sees loss widen to Rs 213 crore, revenue jumps 2.5 timesRoll-up ecommerce startup Mensa Brands saw its total loss for FY23 widen over twofold from a year ago to reach Rs 213.9 crore, while total ...
Amazon aggregator Thrasio prepares for bankruptcy: reportThrasio has been advised by New York-based consulting firm AlixPartners in recent years and their retail turnaround professional Holly Etli...
Amazon ecommerce business acquirer Benitago files for bankruptcyAmazon e-commerce business acquirer Benitago Group has filed for bankruptcy in the US, listing both assets and liabilities ranging from $50...
Edelweiss in talks to sell Future Lifestyle's Cover Story to Reliance RetailCover Story was launched six years ago to take on global fast fashion brands Zara and H&M, while aLL caters to the plus-size market. Women'...