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Company: Acquco, New York, NY
Nomination Submitted by: Crenshaw Communications
Company Description: Acquco is an institutionally-backed acquisition company located in New York City. Led by a team of veteran operators and ex-Amazonians, we allow Amazon FBA Sellers to successfully exit their business in less than 30 days. We offer flexible terms and do not prevent entrepreneurs from selling again on Amazon.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Fastest Growing Company of the Year - Up to 100 Employees
 Nomination Title: Aquco
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the achievements of the nominated organization since January 1 2020, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: Briefly describe the nominated organization: its history and past performance (up to 200 words):
Total 151 words used.
Founded in 2020, Acquco is building the largest eCommerce platform in the world, with a focus on acquiring and growing Amazon FBA businesses, with omnichannel expansion into Walmart, Target, Best Buy, Shopify, and more. Founders Raunak Nirmal and Wiley Zhang have built multi-million dollar Amazon businesses, consulted for the largest Amazon sellers in the world, and have also built tools that empower thousands of Amazon sellers to maximize their profits. Acquco leverages its proprietary technology to automate management and generate efficiencies for all operational functions, from brand management to supply chain.
Acquco's proprietary algorithms analyze thousands of criteria sets and millions of data inputs to inform key operating decisions across the portfolio. Leveraging its optimized playbooks and technology, Acquco closes deals in less than 30 days. It has also enabled the company – in less than a year – to efficiently scale, achieving more than $300 million in revenue to date.
- If you are providing written answers for your submission, you must provide an answer to this second question: Outline the organization's achievements since the beginning of 2020 that you wish to bring to the judges' attention (up to 250 words):
Total 199 words used.
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In a year’s time, Acquco has scaled to over $300 million in revenue
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Its proprietary technology gives Acquco a unique positioning in the industry as it’s rare for companies to have built their own systems
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In May 2021 Acquco raised $160 million in a Series A funding round
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Co-founder and CEO Ranuak Nirmal was a featured honoree in Forbes’ 30 Under 30 Class of 2022. Ranuk was recognized for his role in Acquco’s vision and success in the award’s Retail and E-commerce category.
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Acquco was named Business Intelligence Group’s Start-Up of the Year for 2021.
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In addition to $300M of revenue alone in 2021, Acquco maintains an:
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Organic revenue growth rate of 88%
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An organic EBITDA growth rate of 205%
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An organic EBITDA Margin of 25%
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Since its founding, Acquco has built employee presence in the US, China, and Europe, with vested logistic and supply chain presence across Asia.
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Acquco is backed by leading investors including Softbank, Singh Capital Partners, and Crossbeam Venture Partners
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The company offers 3x year over year brand growth
- If you are providing written answers for your submission, you must provide an answer to this third question: Explain why the achievements you have highlighted are unique or significant. If possible compare the achievements to the performance of other players in your industry and/or to the organization's past performance (up to 250 words):
Total 169 words used.
Founded in the first few weeks of 2020, Acquco was able to develop a proven playbook to manage and scale acquired brands. Since then, the fledgling startup has experienced exponential growth in a short period of time. This success is due to the eCommerce expertise of co-founders Raunak Nirmal and Wiley Zhang, who previously worked at Amazon and built multi-million dollar businesses on its platform. Acquco prides itself on being an immigrant-founded company with a diverse executive team. Raunak is Acquco’s CEO, whose vision is turning acquired brands into true omnichannel brands. He was able to build one of the nation’s largest Amazon aggregators from the ground up, make it profitable from day one, and bring in an immense amount of revenue in less than a year – all before the age of 30.
While a lot of investment has been made within the Amazon operating space, many operators have been having difficulties growing/scaling their acquired brands as initially advertised. This makes Acquco’s brand growth that much more impressive.
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 11 words used.
Forbes article
Forbes video
TechCrunch article
Business Insider article
CNBC article
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