#Amazon #E-commerce
Thrasio acquires, upgrades and scales small cash-generating retail Amazon-based businesses ($1 m-$30 m annual revenue).
Ultra-fast growth is driven by immediate 2x-3x re-valuation of acquired businesses and by its further professional scaling.
Fast purchase is hugely supported by institutional capital.
Headquarters:
USA, Walpole, MA,
founded: July 2018
Revenue / Profit:
$0.5 b (2020), $1-1.5 b (2021E) /
20% Net profit margin
Investment/Debt:
$3.4 b ($2.2 b invested/
$1.2 b debt)*
P/S multiple (est.):
6x (vs 4x Amazon)
Key people:
Carlos Cashman
(co-founder, CEO),
Joshua Silberstein
(co-founder),
10+ startups, 40+ years experience
What does Thrasio do?
Acquires, upgrades and scales by 2-3x great cash-generating Amazon-based businesses
What problem does it solve?
-
For business owners: fast cash out, fast liquidity
-
For Amazon: marketplace more attractive for SME businesses
Why attractive now?
-
8x revenue CAGR, 2020 - $0.5 b, 2021 (forecast) - $1.5 b
-
20% net profit margin: profitable since inception
-
$3.4 b from Advent International (lead), Blackrock, Barclays, Monroe Capital and others
-
$1.2 b debt - easy access to institutional capital
-
55% of global fast-growing Amazon market is target for Thrasio
Why upside in 1-2 years?
-
2x Thrasio revenue growth expected conservatively
-
Competition irrelevant due to vast “blue-ocean” market - first clash in 3 years
-
Strategic plans to move outside Amazon, develop D2C channels
-
Founders had 10+ exits and IPOs, whole team has great M&A experience