ETRO Acquisition & Valuation

GIVA is a Delhi-based direct-to-consumer jewellery brand crafting pieces from 925 sterling silver, 22k gold plating, and lab-grown diamonds such as rings, necklaces, bracelets, earrings, and anklets. Collections include minimalist everyday styles, spiritual motifs, nature themes, personalised engravings, bestsellers, and gift assortments. The brand sells via online catalogue, iOS and Android mobile app, select retail partners, and corporate gifting programs with free shipping options.

Fancy is a New York-headquartered curated e-commerce site showcasing products from independent designers. It features fashion, gadgets, home goods, and art in collections like 'Fancy for Her' and limited editions. Users follow interests, create boards, and purchase from global makers through its iOS and Android apps.

Lamoda is Russia's leading online fashion retailer offering over 1 million products from 900 international brands. Moscow-headquartered since 2011, it operates Lamoda Express for next-day delivery to 25 cities in Russia and Kazakhstan. Customers benefit from free shipping, at-home try-on, and 365-day returns. Lamoda stocks apparel, footwear, accessories, and beauty items from brands like Nike, Zara, and Gucci. Its logistics network includes 20 fulfillment centers.

THG PLC is an online retailer. It provides an end-to-end direct-to-consumer ("D2C") e-commerce solution for consumer brand owners under a Software as a Service, in addition to stand-alone services, including hosting, content creation and translation. Its business is operated through four businesses: THG Ingenuity, THG Nutrition, THG Beauty and Other. The company operates in the United Kingdom.

PT Bukalapak.com Tbk engages mainly in activities related to web portals, holding activities, and other management consulting activities. The company operates an all-commerce platform in Indonesia that caters to both Micro Small and Medium Enterprises (MSMEs) and consumers. Its business lines include marketplace, offline to online, business-to-business (b2b), financial services, logistics, and many others, with the focus on serving merchants and mitra as customers. The company's reportable segments are Marketplace, Online to Offline, and Procurement. A majority of its revenue is generated from the Marketplace segment, which offers physical and virtual products across various categories, including electronics, fashion, FMCG, automotive and accessories, gaming, and more.

ContextLogic Holdings Inc Formerly ContextLogic Inc is an online shopping store. The store provides personalized products, clothing products, accessories, gaming products and equipment, cosmetics, plastic products, mobile covers, and other products. Geographically, it derives majority of its revenue from Europe and also has a presence in North America; South America, and other countries.

ZALORA is an online fashion retailer operating in Southeast Asia from its Singapore headquarters. Launched in 2012, the platform sells apparel, footwear, and accessories from brands including Mango, Nike, Puma, Calvin Klein, and Levi's. ZALORA features an online magazine with style advice and periodic discounts for shoppers.

Fanli Digital Technology Co Ltd formerly Jiangxi Changjiu Biochemical Industry Co Ltd is a coal chemical company in Jiangxi, China. Its products include synthetic ammonia, urea, methanol, acrylamide, hydrogen peroxide, silica hydrated, liquid carbon dioxide, plastic pipes and oxygen. Geographically, the activities are carried out through China.

ASKUL Corp is a Japanese company mainly offering office products and accessories. The business has two main segments: the office-related products and other delivery. The office-related product segment consists of personal computer and accessories, office supplies, and furniture. The other delivery segment provides cargo transportation services for corporations.

Fanli is a Shanghai-based e-commerce rebate platform in China. Launched in 2006, the service directs users to merchant sites via affiliate links, earning rebates on purchases including home appliances.

Shenzhen Youkeshu Technology is a Shenzhen-headquartered group founded in 2010 with over 1,800 employees worldwide. It operates offices in Hong Kong, Guangzhou, Hangzhou, the United Kingdom, United States, Germany, Poland, Australia, and Japan, alongside warehouses exceeding 10 million square meters. The company conducts cross-border e-commerce exports, imports under the Dolphin supply chain brand, and manufactures UAVs, model aircraft, and robot parts for over 100 countries via youkeshu.com.

Tiki is a Vietnamese e-commerce platform founded in 2010 pioneering the 2-hour delivery model in Vietnam. Offers over 300000 products across diverse categories through an end-to-end supply chain with brand partnerships. Known for efficient logistics infrastructure and strong customer service standards in the Southeast Asian market.

Bxn Holding Co Ltd is engaged in the production and sales of men's apparel products such as suits and shirts. Its business activities also include production and sales of clothing, shoes and leather products.