thrasio

Ingrid Lunden / TechCrunch: Thrasio, which raised $3B+ in equity and debt to acquire third-party Amazon sellers, files for Chapter 11 bankruptcy and secures $90M in emergency funding — Thrasio, the U.S. start-up that raised billions of dollars and popularized the concept of e-commerce aggregation … Ingrid Lunden / TechCrunch: Thrasio, which raised $3B+ in equity and debt to acquire third-party Amazon sellers, files for Chapter 11 bankruptcy and secures $90M in emergency funding …

Thrasio, the U.S. start-up that raised billions of dollars and popularized the concept of e-commerce aggregation — buying up and restructuring dozens of smaller brands and third parties selling on marketplaces like Amazon in a bid for better economies of scale — has commenced a restructuring of its own. The company has filed for Chapter 11 bankruptcy protection to cut its losses on a mountain of debt. It said it has also secured an emergency $90 million in emergency financing from unnamed existing lenders. Thrasio…

Think9 Consumer, a multi-brand platform promoted by Ashni Biyani, daughter of Future Group chairman Kishore Biyani, is in talks with close to a dozen direct-to-consumer brands across retail, fashion, FMCG, kids furniture, home decor, beauty and ayurveda to co-create them on the lines of Thrasio-styled house of brands businesses, executives aware of the plans said.This is in addition to existing brands such as Kingdom of White, which sells white coloured shirts, Italian bakery and snacks label Sorrentina, and personal care…