Acquico
Information by Research Trustfinance
Founded in 2020, Acquico emerged as a major player in the e-commerce aggregation space, a business model focused on acquiring and growing third-party brands that sell on Amazon. The company raised over $160 million in a Series A funding round to fuel its strategy of buying promising FBA businesses and leveraging its operational expertise, technology, and supply chain management to scale them globally. However, following a market downturn in the aggregator industry, Acquico ceased making new acquisitions in late 2022, conducted significant layoffs, and subsequently sold a large portfolio of its brands to a competitor, Forum Brands, in mid-2023.
United Arab Emirates
Industry
- InvestmentPRIMARY
- Other Service
Financial
HQ Location
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https://www.linkedin.com/company/acquico