Razor Group Revenue, Valuation, Funding & Investors

Razor Group is valued at $1.7B as of March 2024.

Last Razor Group valuation

$1.7B

Series D · Mar 2024

Last Razor Group funding round

$100M

Series D · Mar 2024

Razor Group revenue

$400M

Series C · Dec 2022

Key investors in Razor Group

  • Presight Capital
  • redalpine
  • Global Founders Capital
  • 468 Capital
  • FJ Labs
  • BlackRock

Razor Group Overview

About Razor Group

Razor Group is a Berlin-based holding company acquiring and scaling e-commerce brands in consumer goods categories like home and beauty. It applies growth expertise in Amazon marketplaces, supply chain optimization, and marketing to portfolio companies. Razor Group operates across Europe and North America with dedicated teams for operations and expansion.


Founded

2020

HQ

GermanyBerlin

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Revenue

$400M (Dec 2022)

Valuation

$1.7B (Mar 2024)

Razor Group Valuation

Razor Group is currently valued at $1.7B, based on its Series D in March 2024.

The $100M round was led by Presight Capital.

Razor Group's valuation has grown 1.7x from $1B at its Series B in November 2021 to $1.7B in March 2024, across 4 priced rounds.

Razor Group valuation by funding round

Revenue multiple
Razor Group valuation by funding round
DateStageValuationRevenue Multiple
Mar 2024Series D$1.7B-
Apr 2023Series C$1.2B-
Dec 2022Series C$1.2B3.0x
Nov 2021Series B$1B-

Razor Group Revenue

Razor Group's latest recorded revenue is $400M, as of its Series C in December 2022. At a $1.2B valuation, that implies a 3.0x revenue multiple.

Razor Group revenue by funding round

Razor Group revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Dec 2022$400M$1.2B3.0xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Razor Group Funding History

Razor Group has raised a total of $355M across 9 funding rounds.

Razor Group's first fundraising round was a $4M seed round in August 2020. The most recent completed round was a $100M Series D in March 2024.

Razor Group funding rounds

Razor Group funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2024Series DPresight Capital (lead)$100M$1.7BRazor Group, a Berlin-based e-commerce aggregator founded in 2020, acquires small Amazon FBA retailers and manages over 200 brands across 140 assets. On March 4, 2024, it merged with U.S.-based Perch and raised just over $100 million in equity led by Presight Capital, with other undisclosed investors, achieving a $1.7 billion enterprise value and $400 million in debt not due for at least four years. Razor's prior backers like L Catterton, BlackRock, Upper90, and Global Founders Capital hold two-thirds of the combined entity, while Perch investors including SoftBank, Spark Capital, and Victory Park own one-third. The deal follows Razor's Series C in April 2023, which raised €80 million ($88.4 million) at a $1.2 billion valuation with participants including Presight Capital, L Catterton, BlackRock, GFC, LatinLeap, Redalpine, and 468 Capital, alongside acquisitions of Stryze, Valoreo in Latin America, and Factory14 in Europe. The March 2024 transaction positions Razor as a consolidator amid sector challenges like Thrasio's bankruptcy, leveraging proprietary technology for product selection, supply chain management, and operational efficiency. CEO Tushar Ahluwalia highlighted consolidation as the path forward. Razor reported $453 million in 2022 net revenues and expects to reach $1 billion in revenues within four to eight quarters from the March 2024 round, claiming bottom-line profitability. Earlier, it anticipated €100 million in sales from 30 acquired brands and had raised prior debt and equity including $400 million in 2021 from Victory Park Capital and BlackRock.
Apr 2023Series CUpper90$18M$1.2BRazor Group is a Berlin-based e-commerce aggregator that acquires and manages consumer goods brands primarily on Amazon and other marketplaces, operating a portfolio of around 140 assets encompassing over 200 brands. In April 2023, it completed its Series C funding round totaling €80 million ($88.4 million), with Upper90's equity investment as part of the Stryze Group all-share acquisition closing out the round alongside investors like L Catterton, Presight Capital, Blackrock, GFC, LatinLeap, Redalpine, and 468 Capital. This investment bumped the company's post-money valuation to $1.2 billion, up from over $1 billion in November 2021. The Series C came amid a tough e-commerce environment post-2021, where aggregators faced funding challenges and runway issues, prompting consolidation. Razor distinguished itself by acquiring competitors like Germany's Stryze Group, Latin America's Valoreo, and Europe's Factory14 in the prior 11-12 months to expand geographically, deepen product categories, and strengthen regional channels. CEO Tushar Ahluwalia emphasized consolidation as the path forward, leveraging proprietary technology for acquisition evaluation, product selection, supply chain management, and operational efficiency. For 2022, Razor reported net revenues of $453 million across its brands, reflecting its scale in a market shifting due to reduced liquidity, inflation, and margin pressures. Upper90 CEO Billy Libby highlighted Razor's strong balance sheet, technology platform, and economies of scale as reasons smaller aggregators should join forces with leaders like Razor. The deal positioned Razor as a 'consolidator of consolidators' in the aggregator space.
Dec 2022Series CL Catterton (lead); Latin Leap; redalpine; Jebsen Capital; Presight Capital; 468 Capital; Jens Wasel$70M$1.2BRazor Group is a Berlin-based global aggregator of e-commerce consumer goods businesses founded in 2020 that acquires and scales profitable third-party brands across international markets and e-commerce verticals. The company operates a roll-up model focused on buying Amazon and marketplace brands and expanding them globally through operational expertise and technology platforms. On December 22, 2022, L Catterton's Latin America fund led a $70 million financing round for Razor Group, with participation from 468 Capital and Presight Capital, to support the company's international expansion strategy and acquisition engine. Other investors mentioned in sources include BlackRock and Victory Park Capital from prior rounds. At the time of this round, Razor Group reported approximately $400 million in pro-forma LTM net revenues. The company announced a concurrent acquisition of Valoreo, a Mexico City-based e-commerce aggregator with operations in Mexico, Brazil, and Colombia, to establish a significant presence in Latin America. Razor Group had previously achieved unicorn status in its Series B round valued at $126.5 million and operates a portfolio of 200+ brands that collectively raised over $1 billion in debt and equity funding. The company's strategy emphasized leveraging e-commerce and operational expertise to help its portfolio brands reach full potential through expanded marketplace presence and geographic reach.
Nov 2021Series Bredalpine; Jebsen Capital; ABACON; Global Founders Capital; BlackRock; Victory Park Capital; Fortress Investment Group; Presight Capital; 468 Capital$125M$1BRazor Group, founded in 2020 in Berlin by Tushar Ahluwalia and Jonas Diezun, acquires and scales Amazon FBA sellers using proprietary technology to analyze merchants and enhance operations across categories, with offices in Berlin, Delhi, Austin, London, Bangalore, and Shenzhen. The company raised $125 million in an all-equity Series B round on November 8, 2021, from investors including Fortress Investment Group, 468 Capital, ABACON (possibly via BlackRock Enhanced), BlackRock, Jebsen Capital, Presight Capital, redalpine, Victory Park Capital, and Global Founders Capital, achieving a post-money valuation over $1 billion USD and unicorn status. This followed prior funding: €25 million debt/equity in 2020 from redalpine et al., and $400 million ($25M equity, $375M debt) in May 2021 from Victory Park Capital and BlackRock for acquisitions. At the time of the Series B, Razor had acquired around 30 brands expecting €100 million in sales, was on track for 80 merchants covering 150+ brands by year-end, and had analyzed 1.5 million Amazon merchants with 80,000 potential targets sourced. Earlier in May 2021, it projected crossing $120 million in sales from 30 brands and $480 million in the next 12-15 months; by November 2021, it aimed for $1 billion in sales in 2022 and reported overall profitability in 2021 with $400 million revenues (70% from US, 12% non-Amazon), though these figures use 'sales' not explicitly 'revenue' or ARR near the round date. Half the Series B proceeds were allocated for acquisitions, the rest for hiring (from 300 employees) and expansion, especially in China. Razor operated in the booming Amazon aggregator space, competing with aggressive expansion like Rocket, focusing on FBA brands in Europe and US while diversifying multichannel. Subsequent developments included a Series C at $88 million and $1.2 billion valuation (date unspecified), but the 2021 Series B marked its unicorn milestone amid a hot market fueled by VC for e-commerce scale.
Aug 2021Undisclosed stageHeliad--Heliad took its first position in Razor Group in August 2021, investing a mid-single-digit million euro amount ahead of the company's Series B later that year. Razor Group buys third-party marketplace sellers and scales the consumer brands it takes over. The exact amount was not disclosed.
May 2021Undisclosed stageVictory Park Capital (lead); redalpine; FJ Labs; Global Founders Capital; BlackRock; Presight Capital$26M-Razor Group, a Berlin-based e-commerce aggregator founded in 2020 by Tushar Ahluwalia and others, acquires and scales third-party Amazon FBA merchants, with operations in multiple countries including the US (over 70% of revenues), using proprietary technology for identification, acquisition, and optimization. The company raised $400 million in May 2021 ($25 million equity, $375 million debt) from Victory Park Capital, BlackRock, and others, distinct from the November 2021 $125 million all-equity Series B at over $1 billion post-money valuation from Fortress, 468 Capital, Victory Park Capital, Presight Capital, BlackRock, Jebsen Capital, Redalpine, and Global Founders Capital. Razor previously raised €25 million debt/equity in 2020 from Redalpine and others. Prior to Series B, Razor expected €100 million in sales from about 30 acquired brands since inception. Revenue projection of €100 million tied to 2021 operations around these rounds, with 12% already non-Amazon and plans to grow beyond 20%. The May 2021 debt-heavy round supported acquisitions, contrasting with equity-focused later raises, amid a competitive aggregator market including Thrasio and Perch (later acquired by Razor).
Nov 2020Series Aredalpine (lead); Global Founders Capital; Presight Capital; 468 Capital$12M-Razor Group raised €10 million in a Series A equity round led by redalpine, with participation from existing investors 468 Capital, Presight Capital, and Global Founders Capital. This round, announced around late 2020, was complemented by a €15 million debt facility from Claret Capital Partners, bringing total new capital to €25 million. The funding aimed to accelerate acquisitions of Amazon FBA merchants and support international expansion. Founded in 2020, Razor Group acquires successful Amazon sellers, invests capital, and scales them using operational expertise, emulating models like Thrasio. By late 2020, the company had grown to over 30 employees across Berlin, London, and New Delhi, planning to acquire 6-8 merchants by year-end and 30 by December 2021.
Oct 2020Seedredalpine; FJ Labs; Global Founders Capital; Presight Capital; 468 Capital$600K--
Aug 2020Seedredalpine; MPGI; Global Founders Capital; Presight Capital; Dimiter Tschawow$4M--

Who has invested in Razor Group?

17 investors have backed Razor Group across its funding rounds, including Presight Capital, redalpine, Global Founders Capital, 468 Capital, FJ Labs and BlackRock.

Lead investors include Presight Capital, L Catterton, Victory Park Capital and redalpine.


Razor Group Investors

Investors in Razor Group by funding rounds participated
InvestorHQRoundsRoleFirst check
Presight CapitalUnited StatesLos Angeles, CA7LeadAug 2020
redalpineSwitzerlandZurich6LeadAug 2020
Global Founders CapitalGermanyBerlin5ParticipantAug 2020
468 CapitalGermanyBerlin4ParticipantOct 2020
Jebsen CapitalHong KongHong Kong2ParticipantNov 2021
FJ LabsUnited StatesNew York City, NY2ParticipantOct 2020
BlackRockUnited StatesUnited States2ParticipantMay 2021
Victory Park CapitalUnited StatesChicago, IL2LeadMay 2021
Latin LeapColombiaMedellín1ParticipantDec 2022
MPGIUnited KingdomLondon1ParticipantAug 2020
Upper90United StatesNew York City, NY1ParticipantApr 2023
ABACONGermanyGermany1ParticipantNov 2021
HeliadGermanyFrankfurt1ParticipantAug 2021

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Acquisitions by Razor Group

Razor Group has acquired 7 companies to date.

Last acquisition by Razor Group was on August 28th 2025. Razor Group acquired Infinite Commerce for undisclosed valuation.


Latest Acquisitions by Razor Group

Infinite Commerce
Perch DTC
The Stryze Group
Valoreo
Description
Infinite Commerce is an e-commerce marketplace operator and product developer specializing in consumer goods across fashion, home, and electronics categories. The company sources, designs, and sells private-label items on platforms like Amazon, Walmart, and Shopify. Headquartered in Austin, Texas, and founded in 2018, it leverages data analytics for inventory optimization and trend forecasting, serving millions of online shoppers annually. Infinite Commerce employs a network of suppliers in Asia and domestic fulfillment centers for rapid delivery.
Perch DTC is a Boston-headquartered e-commerce aggregator acquiring profitable Amazon FBA brands in categories like beauty tools, toys, apparel, and kitchenware. It targets top-ranked products with strong review histories, managing over 50 brands through its proprietary platform for inventory, pricing, advertising, and analytics. Founded in 2019, the company scales operations with data-driven optimizations to sustain category leadership.
The Stryze Group is a Tel Aviv-based holding company focused on direct-to-consumer brands in e-commerce. It develops proprietary DTC products and acquires established labels for scaling on Amazon, Shopify, and social platforms like Instagram and TikTok. Stryze portfolio includes wellness, beauty, and home goods brands, leveraging supply chain optimization and performance marketing to drive multimillion-dollar revenues.
Valoreo is a company that acquires, operates, and scales e-commerce brands with top-selling products in niche categories. It focuses on merchants boasting excellent customer reviews and high-growth potential.
HQ CountryUnited StatesUnited StatesGermanyMexico
HQ City
Seattle, WA
Boston, MA
Berlin
Mexico City
Deal Date28 Aug 20255 Mar 202417 Apr 202322 Dec 2022
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Razor Group Competitors

Razor Group competitors include listed companies like Suning.com, DeNA, Sailvan Times and E-MART, and private ones like WHP Global and Gymshark.

Public and private companies comparable to Razor Group
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
WHP GlobalUnited StatesNew York City, NYPrivate--$1.6B-
Suning.comChinaChinaPublicly listed$7.3B$893M$1.6B0.6x
DeNAJapanJapanPublicly listed$950M$177M$1.5B1.1x
Sailvan TimesChinaChinaPublicly listed$1.8B$86M$1.5B0.7x
E-MARTSouth KoreaSouth KoreaPublicly listed$21B$1.6B$1.4B0.5x
GymsharkUnited KingdomBirminghamPrivate$343M-$1.3B3.9x

Razor Group Public Comps

Razor Group is still privately-owned, but its public comps include Modivo, ACV Auctions, Suning.com, DeNA, Revolve Group, Sailvan Times, E-MART, Polibeli Group, Syoung Group and Gold.com.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Modivo$2.9B$224M1.0x0.9x12.8x7.3x
ACV Auctions$760M($19M)2.3x2.1x(89.6x)24.8x
Suning.com$7.3B$893M0.6x0.6x5.1x18.1x
DeNA$950M$177M1.1x1.1x5.8x6.5x
Revolve Group$1.2B$89M1.0x0.9x13.6x12.9x
Sailvan Times$1.8B$86M0.7x0.7x15.2x12.4x
E-MART$21B$1.6B0.5x0.5x6.4x8.6x
Polibeli Group$26M($4M)76.5x-(495.5x)-

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Common questions about Razor Group

When was Razor Group founded?Razor Group was founded in 2020.
Where is Razor Group headquartered?Razor Group is headquartered in Berlin, Germany.
Is Razor Group publicly listed?No, Razor Group is a private, VC-backed company.
What is Razor Group's valuation?Razor Group was last valued at $1.7B in its Series D in March 2024.
How much funding has Razor Group raised?Razor Group has raised $355M across 9 funding rounds.
What was Razor Group's last funding round?Razor Group's last funding round was a $100M Series D in March 2024, led by Presight Capital.
Who are Razor Group's investors?Razor Group's investors include Presight Capital, redalpine, Global Founders Capital, 468 Capital, Jebsen Capital, FJ Labs, BlackRock, Victory Park Capital, Latin Leap, MPGI and 7 others.
What is Razor Group's revenue?Razor Group's latest recorded revenue is $400M (December 2022).
What is Razor Group's revenue multiple?Razor Group's latest valuation implies a 3.0x revenue multiple ($1.2B valuation on $400M of revenue).
Which companies are comparable to Razor Group?Companies comparable to Razor Group include WHP Global, Suning.com, DeNA, Sailvan Times, E-MART and Gymshark.
How many companies has Razor Group acquired?Razor Group has acquired 7 companies, including Infinite Commerce, Perch DTC, The Stryze Group, Valoreo and factory14.

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