E-commerce aggregator Rainforest raises $20M simply months after its last funding
4 months after its last financing announcement, Singapore-based e-commerce aggregator Jungle has actually closed a $20 million pre-Series A round led by Monk’s Hill Ventures. Other participants included January Capital, Crossbeam Venture Partners, Amasia and Lo & & Behold Group, in addition to returning financiers Nordstar and Insignia Endeavor Partners. Rain forest announced in Might that it had actually raised […] In addition to brand acquisitions, the funding will likewise be used on hiring and building its tech facilities. Since releasing in January 2021, Rain forest has obtained 6 brands, consisting of one from China for $3.6 million, marking its first foray into the country, and prepares to triple its brand portfolio by the end of this year. After purchasing brand names, Rainforest scales them up through inventory management, cost optimization and growths into new markets and circulation channel. …
Recent Comments