Thrasio cuts stake, loses control in Indian house of brands in likely market retreat

TechCrunch
By Manish SinghMay 18, 2023, 6:10 am383 pts
Founders of Lifelong Online have acquired the majority ownership and control in the Indian house of brands from Thrasio in what appears to be a retreat for the “Amazon aggregator” from the key overseas market. Existing investors, Tanglin Venture Partners and Hero Enterprise Partner Ventures, also increased…

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