Razor Group: Receives $70M Investment

Razor Group Receives $70M Investment

  • Razor, a Berlin, Germany-based aggregator of e-commerce consumer goods businesses, received a $70M investment
  • The round was led by L Catterton with participation from 468 Capital and Presight Capital
  • The company intends to use the funds to execute selected consolidation opportunities, to support organic growth initiatives focused on brand extensions and new product development, and to expand its international presence
  • The company acquires profitable Amazon FBA businesses and other online marketplaces sellers which have demonstrated product quality, customer satisfaction and business acumen
  • The company combines growth capital with extensive e-commerce expertise, thereby ensuring that the acquired businesses reach the next stage in their development

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

What is Fintech?

Fintech: A term used to refer to innovations in...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

Singapore-based fintech start-up WSPN bags $30m seed funding

WSPN (Worldwide Stablecoin Payment Network), a Singapore-based stablecoin...

Mastercard set to lay off around 3% of global workforce

Mastercard plans to cut around 3% of its...

HSBC reportedly considering sale of its South African business

HSBC Holdings is reportedly considering selling its South...

USAA president and CEO Wayne Peacock to retire in 2025

Wayne Peacock, President and CEO of USAA, plans...

Singapore’s Valverde taps Broadridge for investment management solution

Valverde Investment Partners, a new Singapore-based investment firm...

US fintech Amount lands $30m in fresh funding to advance AI capabilities

Funding Round: Amount, a digital origination and decisioning...

Sharon Naidoo named new TransUnion CFO for the UK and Europe

Appointment: Sharon Naidoo has been appointed as the...
Exit mobile version