Made for mom. Meet Singapore's Rainforest! They're a roll-up e-commerce firm that buys and grows the best e-commerce brands. Their spin? They focus on mom, home and baby brands. Now, they've just raised a $45M funding round!
Who cashed in? Canopy Tropics (a subsidiary of private equity firm Southern Capital Group) led the round. Monk's Hill Ventures, Insignia Venture Partners and January Capital also joined in.
👩🏻🍼 Mama knows best?
Founded just last year, Rainforest is building a house of brands for the modern mom.
🧐 Why it matters
Rainforest isn't just great for moms. They're also great for the brands they buy!
Anyone can be an entrepreneur, but... It's easier and cheaper than ever to start a great brand loved by customers. You can do it all from home with some posts on Lazada!
Though, scaling is a whole new challenge— you may not have the time, money or expertise to succeed long-term.
So, Rainforest acquires brands that sell on e-commerce platforms and helps them scale through supply chain, product development, marketing and more.
💼 Prep your resumes!
With the new cash, they'll be ramping up global hiring, bringing more products to market and expanding their brand portfolio.
The newsletter that keeps you up-to-date on the top stories on tech and business in Southeast Asia. It's fun, quick and free.