THRASIO FILES FOR BANKRUPTCY AFTER RAISING $3.4B FROM INVESTORS
Thrasio, a leading Amazon aggregator, has filed for Chapter 11 bankruptcy despite once being valued at $10 billion and raising $3.4 billion from investors like Silver Lake and Goldman Sachs. The company, known for consolidating third-party Amazon sellers, plans to undergo a restructuring process to reduce debt and secure fresh capital. This shift reflects the challenges faced by similar companies, including Perch and Elevate Brands, as consumer shopping habits return to normal post-COVID-19.