E-commerce

After Thrasio, Razor Group eyes India; Razorpay seeks valuation bump

Aditi Shrivastava

Pratik Bhakta

May 06, 2022 | 4 Min Read

The Crux newsletter — Berlin-based brand aggregator Razor Group is evaluating the Indian market at a time of growing competition between local players. How unicorn stocks are performing. Plus, payments major Razorpay doesn’t want to settle for less in a planned secondary share sale

Berlin-based Razor Group, which scoops up and scales ecommerce brands, is expanding its footprint in India, said people aware of the development. The push comes even as Thrasio, the roll-up space’s poster child, shifts into a lower gear amid challenges.

“They (Razor Group) are hiring like crazy from India and have also approached some sellers here,” said a person aware of the company’s plans. To be clear, it has not closed any acquisitions yet.

In November, it had raised $125 million in equity financing from Fortress Investment Group, Blackrock and GFC, notching a valuation of over $1 billion.

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