Razor Group announces US$125 Million Series B equity financing at over US$ 1 Billion valuation
Nov 08, 2021
- New and existing shareholders invest $125m in equity financing in Razor Group.
- The new financing lifts the company’s valuation to over US$ 1 Billion, less than 14 months since launch.
- The funding will be used to further accelerate the acquisition of top-ranked Amazon FBA (“Fulfilled by Amazon”) businesses across Europe, the US and China, and build out the company’s tech-driven e-commerce platform.
Berlin, November 8, 2021 – Razor Group announced that it has secured US$ 125 million in Series B equity financing from new and existing investors, including funds managed by affiliates of Fortress Investment Group, 468 Capital, Victory Park Capital, funds and accounts managed by BlackRock, Presight Capital, Jebsen Capital, Redalpine, GFC and others. The financing values the company at over US$ 1 Billion, less than 14 months after its launch.
Razor Group acquires and scales online marketplace merchants, with a focus on category-leading Amazon FBA sellers. Since its foundation in August 2020, the company has built a diversified portfolio of FBA brands across Europe and the US operating in multiple categories, including Home & Living, Sports and Pet Supplies. On the back of its technology platform, Razor Group will close the year with 80 acquired merchants and LTM revenues of US$ 400 million. The Company targets to surpass $1 billion in sales in 2022.
“Since Day 1, technology has been Razor’s key competitive advantage. On the operations side, our proprietary infrastructure delivers operating leverage and platform effects because it allows us to be faster, more concurrent, more scalable and more efficient across hundreds of micro decisions every day. On the M&A side, it has helped us to automatically diligence and scorecard hundreds of thousands of merchants across marketplaces. This is how technology allows us to deliver superior capital efficiency across both sides of our business” said Tushar Ahluwalia, Co-Founder & CEO at Razor Group.
Of the 300+ employees, around 150 work in the company’s headquarters in Berlin and the remainder is spread across its offices in Austin, London, New Delhi, Bangalore and Shenzhen. Already today, more than 70% of revenues are generated in the US.
The company has previously raised US$ 450 million in debt and equity funding from a set of institutional investors including Victory Park Capital, Blackrock, 468 Capital, Redalpine, Presight Capital, GFC (Rocket Internet’s VC arm).
About Razor Group
The Razor Group GmbH (“Razor”) was founded by e-commerce experts and serial founders Tushar Ahluwalia, Jonas Diezun, Christoph Gamon, Shrestha Chowdhury & Dr. Oliver Dlugosch. The Berlin-based company acquires profitable Amazon FBA businesses and other online marketplaces sellers which have consistently demonstrated superior product quality, outstanding customer satisfaction and sharp business acumen. Razor pairs significant growth capital with extensive e-commerce expertise, thereby ensuring that the acquired businesses reach the next stage in their development. Razor defines itself as consumer goods holding with a clear strategic focus on specific product categories, long-term value creation and world-class customer satisfaction.