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Reading: Razor Group and Perch Merge, Secure $100M Funding Amidst E-commerce Aggregator Consolidation
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e-Commerce

Razor Group and Perch Merge, Secure $100M Funding Amidst E-commerce Aggregator Consolidation

Sana Rizwan
Last updated: March 12, 2024 3:02 am
Sana Rizwan
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  • Razor Group and Perch merge, securing over $100 million in funding.
  • The combined entity, valued at $1.7 billion, aims for growth and efficiency.
  • Leveraging technology and customer-centricity, they project revenue up to $1 billion.

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Merger announcement: Razor Group and PerchStrategic positioning in e-commerce

Merger announcement: Razor Group and Perch

In the wake of Thrasio’s recent bankruptcy, Berlin-based Razor Group and U.S.-based Perch have announced a merger, accompanied by a successful funding round securing over $100 million.

The move comes amidst ongoing consolidation in the e-commerce aggregation sector, signaling a strategic shift and renewed commitment to a model the companies believe remains robust.

An enterprise value reaching $1.7 billion and a manageable debt of approximately $400 million, the merger positions the combined entity for further growth and operational efficiency.

Notably, Razor Group’s acquisition of Perch underscores a trend of companies seeking consolidation opportunities in the e-commerce space, with multiple players pursuing M&A strategies to strengthen their market positions.

Strategic positioning in e-commerce

Both Razor and Perch claim they were unaware of Thrasio’s financial troubles leading to bankruptcy.

With investors such as SoftBank and Victory Park Capital backing Perch, and Razor Group boasting support from L Catterton and BlackRock, the merged entity aims to leverage technology-driven solutions and customer-centric approaches to solidify its position as a market leader.

Tushar Ahluwalia, CEO and co-founder of Razor Group, emphasizes the company’s founder-led ethos and strategic focus on agile supply chains and customer needs, projecting revenue growth of up to $1 billion in the coming quarters.

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