Acquco, a ny-based Amazon subsidiary that specializes in acquiring businesses, is poised to hit a new milestone of reaching 160 million in annual revenue. The company, founded by Raunak Nirmal and Wiley Zhang, plans to add at least another hundred people to its team by year’s end.
Raunak Nirmal and Wiley Zhang founded Acquco
Acquco is a New York-based startup that helps Amazon third-party sellers build and grow their businesses. It leverages flexible deal structures to give sellers a portion of future revenues. Currently, the startup is a profitable business.
According to Nirmal, the company’s mission is to support third-party sellers and help them scale. He explained that the startup uses its proprietary technology to help brands achieve over 100% revenue growth. The startup also closes deals faster than its competitors, which gives it an edge.
In addition to its technology, Acquco also specializes in acquiring and scaling third-party businesses. Its CEO and Co-Founder Wiley Zhang has experience in supply chain optimization and product development processes. Before founding Acquco, he worked for Amazon, where he was a business analyst. His experience working at Amazon helped him build multiple brands in the Amazon ecosystem.
The team at Acquco has a decade of experience specializing in Amazon-focused ecommerce. They also have an in-depth understanding of the marketplace, and are leveraging their expertise to drive a long-term impact for clients.
The company identifies the best businesses to acquire
Acquco is an e-commerce startup that focuses on acquiring third-party businesses on Amazon. Its goal is to help brands scale by providing them with the tools and technology they need to manage and grow their business on the e-commerce platform.
Acquco was founded in 2020 in New York City by Raunak Nirmal and Wiley Zhang, both former employees of Amazon. Since its founding, Acquco has grown to 155 employees globally. As of late, the company has acquired 40 brands. In addition, its revenue has reached $420 million.
The company also plans to expand its technology platform. Acquco has a team of over 20 employees working on building its technology. They are led by Kaiwen Gu and Paul Li, who lead the Technology and Analytics divisions, respectively.
In addition to using proprietary technology, Acquco employs an optimized playbook to speed up the acquisition process and close deals. Its algorithms examine hundreds of thousands of data inputs to help it identify the right firms for acquisition.
It achieves over 100% revenue growth after migrating the brand onto its platform
Acquco is a technology-based company focused on acquiring and growing third-party Amazon sellers. It has over 20 employees in offices across the globe, and plans to double in size in the next year.
The company is backed by investors including Crossbeam, Singh Capital Partners, and CoVenture. They aim to scale their business to $500 million in revenues by 2022. Their technology helps automate processes and manage operations in order to accelerate brand growth.
According to Nirmal, the company has been profitable from day one. He states that the company’s unique technology is a significant advantage over its competitors.
Acquco identifies businesses that may be acquired based on market trends and millions of data inputs. The company then uses its algorithms to make key operating decisions.
Acquco also has a technology division that develops and integrates new technology in-house. The technology is designed to help with Sales and Acquisitions and other core functions. One example of its technology is its lead generating system.
It plans to grow its headcount to more than 100 by the end of the year
Acquco is a company that specializes in acquiring third-party sellers on Amazon. Since its founding in 2020, the company has scaled its portfolio to over $100 million in revenue. In a recent funding round, Acquco raised $160 million in equity and debt. It plans to use the funds to expand its technology platform and enter a hypergrowth phase.
Acquco focuses on acquiring brands that are trending on the marketplace. To date, Acquco has acquired 40 brands, generating more than $170 million in sales. The company plans to continue growing its portfolio, aiming to reach $500 million in revenue by 2022.
Acquco is also known for its flexible deal structure, which allows sellers to monetize quickly and profit from an exit. It is also a technology company that closes deals in less than 30 days. Founders Raunak Nirmal and Wiley Zhang, both former Amazon employees, founded the company.
Acquco uses proprietary algorithms that analyze millions of data inputs to inform key operating decisions across its portfolio. For example, the company generally acquires brands with EBITDA margins above 20%. And it avoids products with high obsolescence risk.