Razor Group acquires US Amazon aggregator Perch and announces Series D financing round

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Razor Group has acquired Perch, the leading Amazon aggregator in the US, solidifying its position as the global leader in the aggregation of online marketplace consumer brands.This acquisition paves the way for Razor to reach over $1 billion in topline revenue in the medium-term and adds significant scale to its operations.The combined entity will manage an assortment of more than 40,000 products across various online channels in the US, UK, EU, and Latin America.The acquisition is part of Razor's broader consolidation strategy in the e-commerce aggregator space, following successful acquisitions of Factory14, Valoreo and The Stryze Group.Presight Capital is leading Razor's Series D financing round, demonstrating strong confidence in Razor's long-term vision and further growth potential.The additional funding will be used to further invest in Razor's technology infrastructure including leveraging advancements in artificial intelligence (AI) and large language models (LLMs) to achieve complete automation of Razor's consumer-to-manufacturer (C2M) retail operations.View original content:https://www.prnewswire.co.uk/news-releases/razor-group-acquires-us-amazon-aggregator-perch-and-announces-series-d-financing-round-302080408.html

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