(Photo by Emanuele Cremaschi/Getty Images) Getty ImagesNew York City-based Amazon aggregator D1 Brands raised $123 million in Series A funding, the company announced Wednesday. D1 Brands declined to disclose its valuation or sales, but co-CEO and cofounder Yaz Malas says his company is profitable and predicts it will see revenue of $100 million by year-end. Competitor Thrasio, which has raised $2 billion to date, is valued at nearly $4 billion on 2020 revenues of $500 million, according to Pitchbook. Amazon aggregator and Miami-based Unybrands closed $300 million in growth capital in July, while roll up Suma Brands picked up $150 million in funding just earlier this month. Drawing inspiration from family members who had started third-party Amazon businesses, Usman recalls buying out a whole shelf of cashews at his local CVS store early in his career and selling them on Amazon.

Source: Forbes August 18, 2021 19:52 UTC