Rainforest, a buyer of Amazon brands, launches with $36m seed funding led by Nordstar

The Rainforest team. [L-R] Elita Subaja, Business Operations & Strategy Director; JJ Chai, Co-founder & CEO; Jerry Ng, Brand Manager

Singapore-based Rainforest, an acquirer and aggregator of e-commerce brands, has announced its formal launch with a seed funding of $36 million. The funding round — a mix of debt and equity — was led by UK-based Nordstar Partners, with participation from Insignia Ventures Partners, according to a statement on Thursday.

Rainforest, Asia’s first e-commerce aggregator, was started by former executives of the used-goods marketplace Carousell and fintech firm Fave.

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