Not a heavy metal band or a violent rash... Thrasio is an unfortunately-named (yet profitable) startup that just got a little closer to becoming a unicorn. It raised a fresh $110M, bumping it to a $780M valuation. And its whole business revolves around being Amazon's most aggro customer — its slogan is literally "We Buy Amazon Businesses:"
Fast times at Thrasio High... Thrasio has been profitable since Day 1 of its founding in mid-2018, according to its founders. Now it's the fastest-growing acquirer of Amazon-trepreneurs, with some impressive stats to boot:
Sometimes, you really can buy success... That's exactly what Thrasio is doing: it's buying up already hot, successful businesses that are clearly in demand, adding them in a pile with other successful businesses, and coming out with an even bigger, fatter pile of success. With the investment cash and operational scalability that Thrasio brings to the table, it can do what successful Amazon sellers do on a much larger scale.