Acquco bags major funding to buy and scale Amazon third-party sellers

Acquco, a platform focused on acquiring third-party sellers on Amazon, has closed a $160 million Series A round.

Participants included CoVenture, Singh Capital Partners, Crossbeam, and also Aman Bhutani (GoDaddy CEO).

Acquco says it will use the cash to scale its portfolio to over $500 million of revenue by 2022 and continue building its technology platform.

“My unique experience at Amazon originating and leading core initiatives with over $1 billion in annual revenue impact provided me deep insights into the primary pain points and challenges that Amazon sellers face everyday,” says Raunak Nirmal, Acquco Founder and CEO.

“Combining these perspectives with over seven years of direct experience operating and innovating within the Amazon ecosystem has allowed me to generate a truly differentiated edge and understanding of the Amazon universe.”

“Leveraging this edge, Acquco has been able to rapidly scale in less than a year and raise a substantial amount of capital - allowing us to further accelerate the growth of our competitive moat.”

“Acquco’s unique position versus its competitors, driven by the deep Amazon experience and strong vision of its founders, has created an unparalleled investment opportunity in a massive, growing market,” says Ali Hamed, Founder, CoVenture.

““We are incredibly excited to partner and work alongside their team to take the next step and drive growth at scale.”