Acquco is an online company based in New York that specializes in the sale of products through Amazon. The firm has been around for a while and has had a solid track record of growth. They’ve seen their revenue increase by a compounded annual rate of over 80%. This means they’re a good bet for anyone looking to invest in an ecommerce website.
Acquco is an ecommerce platform that helps Amazon third-party sellers build their businesses. It was founded by two ex-Amazon workers, Raunak Nirmal and Wiley Zhang, in 2020. They had previously co-founded a seller outsourcing firm, RefundLabs, which helps third-party merchants automate their inventory claims process.
Before joining Amazon, Nirmal and COO Zhang were consultants for the world’s largest sellers. They developed tools that maximized seller profits. Later, they consulted for Chinese sellers in the U.S. market. In addition to working at Amazon, they served as COO of four international Amazon-focused businesses.
Since its founding, Acquco has scaled to over $100 million in revenue, and plans to enter hypergrowth mode with new capital. The company’s technology automates management, generating efficiencies across all operational functions. This helps to onboard brands faster, as well as scale the business after acquisition.
Acquco has a unique operational edge, as it uses its own algorithms to analyze thousands of criteria points. These data inputs inform key operating decisions throughout the portfolio. As a result, the company claims to be able to increase the profits of third-party sellers by up to 62%. Moreover, the company’s flexible deal structures allow sellers to earn a share of the revenue, or even monetize their brands immediately.
Technology to automate management
Acquco is a startup based in New York City. It was founded by former Amazon executives, and it uses technology to automate management functions. For example, it helps sellers find and acquire new brands, as well as improve their sales and acquisitions performance.
Acquco has a unique operational edge, and plans to use the funds from its latest round to build a technology platform to help its customers grow their businesses. For example, it uses proprietary algorithms to analyze millions of data inputs, which helps it identify possible deals and determine key operating decisions across its portfolio.
In addition to its data-driven approach, the company also offers flexible terms to sellers. By using founder-friendly deal structures, they can immediately monetize their products and participate in the future growth of the brand.
The company has raised $160 million in Series A funding, and is on track to double its revenue this year. Its investors include Crossbeam, Singh Capital Partners, and Aman Bhutani. It recently announced that it will add more than 100 employees to its growing team.
Growth at a compounded annual rate
Acquco is a New York-based startup that is helping Amazon sellers build a business. The platform specializes in acquiring and migrating brands onto the e-commerce giant. It also offers unique deal structures to help sellers monetize immediately. In the first year of operation, the company generated $420 million in revenue.
Acquco helps sellers find the right deal structure and leverages proprietary lead generation systems to drive brand growth. The company aims to scale its portfolio to over $500 million in revenue by 2022.
One of the biggest challenges facing millions of successful Amazon sellers is scaling their businesses. Many of them lack the capital or expertise to do so. To address this problem, Acquco has developed a high-speed playbook that helps Amazon entrepreneurs exit within 30 days.
Founded by former Amazon employees Raunak Nirmal and Wiley Zhang, Acquco uses a sophisticated algorithm to identify and acquire the best businesses. Once acquired, the company then reviews 120 to 125 criteria points to determine whether a brand meets the company’s needs. Currently, Acquco has 155 employees in its global offices.
Aim to stand out from the others
Acquco, a New York-based ecommerce aggregator focused on acquiring third-party sellers on Amazon, recently raised $160 million in a Series A round. The investment is intended to fund the company’s aggressive growth plans. It will also enable the aggregator to invest in its technology. Currently, Acquco has over $20 million in revenue, but it is poised to double that number this year.
Acquco was founded by Raunak Nirmal and Wiley Zhang. They previously co-founded RefundLabs, a company that automates inventory claims processes for third-party merchants. After founding Acquco, they stepped down from their positions at RefundLabs.
Acquco is now in the process of hiring twenty-one employees. This new capital will help the company grow its portfolio to over $500 million in revenue by the end of 2022. Additionally, Acquco has established a new technology division, which will develop its own proprietary technology and identify possible acquisitions based on market trends.
Acquco’s technology is designed to build a centralized platform for all ecommerce sellers. The company will use the proceeds to invest in its data platform, which will allow it to better manage its brand presence on Amazon and other marketplaces.