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Highlights
- The e-commerce acquirer – Una Brands, has completed a US$20 million Series A.
- Since the launch, the brand has acquired over 15 brands and owns seven offices worldwide.
- Una buys those retailers who are primarily selling across multiple online channels in APAC.
On Monday, the e-commerce acquirer – Una Brands announced that it has completed a US$20 million Series A round, co-led by Alpha JWC and White Star Capital, according to media reports. The funding will help the company to buy brands based in New Zealand, Australia and the APAC region to further strengthen its technology team to accelerate the business.
Founded by Kiren Tanna, Kushal Patel, Tobis Heusch, Adrian Johnston and Srinivasan Shridharan in 2021, Una Brands acquires online retail companies or brands to grow them global brands.
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The company has witnessed rapid growth within a short period of time, securing US$50 million in its seed round. With revenues ranging between US$1 million and US$50 million, Una purchases the retailers who are primarily selling across multiple online channels in the APAC market.
The company has acquired over 15 brands, operating with a 90-person team across seven offices in Singapore, Australia, China, Indonesia, Malaysia, and India.
In a media report, Adrina Johnston - Sydney based co-founder and head of the Australia office –said that the company started to acquire and grow great brands into reputed global household names and has taken large steps towards this goal.
To support Una’s overall brand growth, the team will continue to invest in acquiring great brands developing its multichannel capabilities, expanding into newly launched markets, she said.
Bottomline –
As Una Brand’s approach to e-commerce has been setting it up to dominate the online retail space, the company is likely to grab big opportunities in the near future.
