Thrasio Holdings, the startup e-commerce aggregator that raised billions of dollars to acquire consumer brands sold on Amazon, is rumored to be in preparations to file for bankruptcy due to a decline in online spending post-pandemic. The company had raised $1 billion in a 2021 round led by Silver Lake, which brought its total funding to $3.4 billion. Though the company has not officially commented on the reports, Thrasio is working with consulting firm AlixPartners and law firm Kirkland & Ellis to navigate restructuring options.
Amazon Aggregator Thrasio Prepares for Bankruptcy