If you are a SaaS business owner, then you must have heard about Acquco, the company that recently raised $160 million from investors in a Series A round. Acquco is an online service that helps companies manage their customer relationships. Its business model involves a SaaS-based service that allows companies to use a CRM, sales automation, and marketing automation tool.
Acquco completed $160 million Series A round
Acquco, an e-commerce platform focused on acquiring and growing businesses on Amazon, has completed $160 million in Series A funding. The funds will be used to expand its technology platform and scale the business to over $500 million in revenue by 2022.
The company was founded by Raunak Nirmal, who previously co-founded RefundLabs, an online inventory claims solution for third-party merchants. Previously, Nirmal worked for Amazon as an analyst. During this time, he created tools to help maximize seller profits on the Amazon platform. He then stepped down from the CEO role of RefundLabs to lead Acquco.
Acquco’s new funding will also be used to continue developing the company’s technology and scale its portfolio. It plans to expand to over 100 employees by the end of the year.
Acquco is currently generating around $250 million in annual revenue. But the company expects to reach $500 million by next year. That’s because it is targeting companies that have reached “growth walls.” This means they’ve grown to a point where they’re not expanding.
In an effort to address these problems, the company is focusing on two areas: data and a tech platform. It’s identifying potential acquisition targets based on market trends and data. And it’s working to build a technology platform to serve all e-commerce sellers.
Azevedotechcrunch is a SaaS company based in the Bay area. Their top of the line product, Kitten is a cloud based app slinging platform that allows developers to build, deploy, and run apps from the get go. The best part is the team is able to do this in the blink of an eye. They have a total of a little more than a dozen full-time employees whose perks include access to an office in the sands of Silicon Valley. In fact, the company is so darn cool they have a swag bag worthy of the local Starbucks. They are also big on the customer service front.
Amazon is an online retailer that has quickly grown to be the largest company in the world. The e-commerce site is known for its low prices and convenience. Despite having the most recognizable name, the business model behind the company is far from straightforward.
In the early years of the company, the focus was on expanding the company through marketing. Today, however, Amazon has diversified its business model to include a variety of revenue streams.
The company is able to generate cash through advertising, subscription services, and products. In fact, it generated over $33 billion in net profits in 2021. Its advertising business is the third-largest digital advertising platform in the U.S. This means the company can invest in its operations or invest back into the business.
Amazon uses AI to help the company maximize its profits. The ad platform features video advertising and sponsored ads.
AWS (Amazon Web Services) is the company’s cloud infrastructure. It makes money through subscription services and pay as you go pricing.
Another part of the Amazon business model is its Prime subscription service. Prime competes directly with Netflix and Hulu.
The company also offers third-party seller services. Third-party sellers sell inventory on the Amazon marketplace. They can be professional sellers or users who have inventory that isn’t owned by Amazon. These sellers ship the inventory using Shipping with Amazon.