The Order : Weekly Aggregator Roundup - Thrasio, Open Labs & Amazon Q3

Chart of the week

ECommerce Europe details key stats in its latest report. 100+ pages of detailed country stats across broader Europe. 

eCommerce shoppers by European country 2020 [via eCommerce Europe]

Amazon Q3: Missed expectations

• $110.8B in revenue (down 37% YoY)

• Sales are decelerating due to supply chain challenges and consumers going back to physical stores - resulting in lower Q4 guidance

• Amazon would have reported a loss, if it hadn’t been for AWS and its $16.1B revenue (up 39% YoY)

Amazon Investor Release | Analyst Reactions [Yahoo]

New funding this week: $1,100M

Funding Craze 💰

Billion dollar weeks are back:

• US: Thrasio bags $1BN in what is reported as an all equity round led by Silver Lake and Advent International to accelerate beyond it’s current 200+ brands [Techcrunch]

• APAC: Indonesia-based aggregator OpenLabs announces $100M funding to invest in and acquire D2C brands in Indonesia targeting a 51%+ stake [Deal Street Asia]

Strategy 📈

• Amsterdam based Dwarfs adds $27M in revenues bringing current revenues up to $41M (36M EUR) and sees itself on target to surpass $57M (50M EUR) in Dec 2021 [Silicon Canals]

• Walmart marketplace growth continues and reaches ~120k sellers. Since opening to Chinese sellers in 03/2021 Chinese seller make up for 10%+ percent of new signups and ~4% of total sellers: “Walmart Adds 5,000 Chinese Sellers to Marketplace” [Marketplace Pulse]

• With Allegro and Wildberries leading in Eastern Europe, Alibaba ranks 3rd. Amazon doesn’t make the top 10: “Alibaba Cements E-Commerce Market Positioning In Eastern Europe” [Yahoo Finance]

• Fabric raises $200M at a $1B+ valuation for robotics-based fulfillment tech to help e-commerce players compete with Amazon [Techcrunch]

Events 🎤

• e-Retail Fest Nov 10, London

• Amz Innovate Nov 11, New York - code INNOVATE may get you a 🍺 on the house

Let's make this week count,

Christian