E-Commerce

After hitting 9x revenue, Rainforest brings the thunder with $21.5M

October 5, 2023
Image by fabrikasimf on Freepik

Rainforest made it rain last year. Based on regulatory filings, this Singapore-based e-commerce brand builder reported a $37.5M revenue in 2022, which is 9x more than their profit in the previous year. 

What they do? They acquire, build, and operate consumer parenting brands. 

  • They also just raised $21.5M to grow!

Investor check. Existing investors Canopy Tropics, Monks Hill Ventures, Insignia Venture Partners, and January Capital joined the round. 

🧸 Oh, baby

It’s never been easier to be an entrepreneur! Starting is easy, but scaling is the tough part. Not everyone has the resources and expertise to succeed in the fast-paced e-commerce space. 

Most brands don’t. And that's okay. That’s why Rainforest is here to help them break through with new products, new channels, and new markets.

  • They acquire brands and help them scale by linking them with suppliers, ramping up their supply chain operations, helping them with marketing and brand management, and more!

Extra Scoop: You can read more about the work they do with our Ice Breakers segment with Rainforest’s VP of Commercial Shirley Wu

🎒 Mama’s favorite brands

Rainforest now has 16 brands under their belt. Here are some: 

🍼 What’s next? 

They’ll use the $$$ to make new acquisitions and enhance their platform. 

  • They want to grow in new channels, expand in new areas, and ramp up product development for their brands. 

Know Southeast Asian tech in minutes.

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.
You're now subscribed to BackScoop. See you in your inbox!
Oops! Something went wrong while submitting the form.

Know Southeast Asian tech in minutes.

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.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.