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.
Congrats to Utsav Agarwal and Pulkit Chhabra and the entire Evenflow team.