If you’ve shopped on Amazon recently (that “if” seems rhetorical these days), there’s a good chance you’ve bought or viewed a product from one of Thrasio’s brands.
Having raised more than $1.75 billion since its debut in 2018, the company — founded by co-CEOs Joshua Silberstein W97 and Carlos Cashman — has skyrocketed to unicorn status in its quest to buy and grow third-party private-label Amazon businesses. (TechCrunch recently estimated the company’s valuation to be at least $3 billion.) In a sign of broader consolidation for brands on the site, Thrasio had acquired nearly 100 of them as of early February and was closing more deals every week.
Read more from the Watchlist.