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E-commerce
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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