in

10club acquires 3 e-commerce firms operating in lawn and garden segment | Business

10club acquires 3 e-commerce firms operating in lawn and garden segment | Business

E-commerce roll up firm 10club on Friday said that it has acquired three e-commerce firms operating in the lawn and garden segment for an undisclosed amount.

The firms that have been acquired are Kraftseeds, Gate Garden and Kriti Kalash.

With these acquisitions, 10club expects to achieve an annual revenue run rate of USD 50 million. The employees of all the three firms will join 10club thereby raising its headcount by over eight-fold to 400 from 48 at present.

”We are extremely bullish on the home category and the acquisition of three strong brands in the lawn and garden segment gives us a strong foothold and more importantly will complement the six new acquisitions that we will announce shortly.

”With these acquisitions, we will be clocking a revenue of over USD 50 million in the home category alone,” 10club co-founder and COO Deepak Nair said in a statement.

Earlier this year, 10club had raised a seed round of USD 40 million which saw participation from HeyDay, PDS…

Read further.

#KritiSanon #SanonKriti

What do you think?

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0
Rashmika Mandanna, Pooja Hegde, Kiara Advani: Actresses In Race For Sidharth Malhotra's Yodha

Rashmika Mandanna, Pooja Hegde, Kiara Advani: Actresses In Race For Sidharth Malhotra’s Yodha

Janhvi Kapoor Or Khushi Kapoor: Which Hot Sister Styled Scarf Top Better? | IWMBuzz

Janhvi Kapoor Or Khushi Kapoor: Which Hot Sister Styled Scarf Top Better? | IWMBuzz