The numbers are continuing to grow within the Amazon aggregator space this week! In particular, Evenflow secures an undisclosed amount of funding in its pre-Series A round. Evenflow was founded by former Uber executives Utsav Agarwal and Pulkit Chhabra in May 2021. They acquire and scale up third-party sellers on marketplaces such as Amazon and Flipkart in a similar model to the one popularized by Thrasio.
They target brands that generate 80% or more of their revenues through eCommerce marketplaces. Inspired by the global success stories of Thrasio, Perch, Branded, SellerX, a slew of Indian startups have raised capital in this space in the last few months.
We’ve built a spectacular team in a short period of time with diverse experiences & signed a few LOIs with sellers. We are seeing tremendous interest from both sellers and investors to get on this global roll-up bandwagonUtsav Agarwal
As per industry insiders, Evenflow is currently in an advanced stage of discussions to raise $6-7 Mn. The company claims to have received interest from several marquee Indian and global VCs actively seeking participation in this space.