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Razor and Perch merge, raise $100M on a $1.7B valuation as more roll-ups consolidate
Just days after the bankruptcy of Thrasio, two other significant players in the world of e-commerce aggregators are merging and raising some extra money
Just days after the bankruptcy of Thrasio, two other significant players in the world of e-commerce aggregators are merging and raising some extra money to shore up their business and double down on a model it still believes has teeth. Most immediately, today’s deal comes less than a week after Thrasio filed for Chapter 11 protection, despite having raised some $3 billion in funding to fuel its business buying up and consolidating retailers that sold goods on Amazon’s Marketplace. Investors who had been backing Perch — they include high profile VCs like SoftBank and Spark Capital, as well as Victory Park — will own around one-third of the shares in the combined company.
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