a PLTFRM Company
Episode 48 - Aggregator Business Model for Amazon
April 15, 2024
On this episode, we are joined by the CEO of Elevate Brands, Ryan Gnesin, who just closed a $55 million funding deal to acquire and scale Amazon businesses. 💰🤝
But what does that mean?
He’s here to explain the Aggregator Business Model, which is an alternative to the marketplace model we are typically used to with platforms like these. Gnesin’s journey began by being a 3rd-Party seller at scale. 🧐 These “small businesses” were the heart of success without any sophisticated capital and so Gnesin decided to start acquiring some of these other businesses.
Now Elevate has a catalog of over 8,000 product SKUs and an average rate of 200% growth post-acquisition. 🚀Tune in to hear how third-party sellers are the heart of the “everything store.” 🏬
But what does that mean?
He’s here to explain the Aggregator Business Model, which is an alternative to the marketplace model we are typically used to with platforms like these. Gnesin’s journey began by being a 3rd-Party seller at scale. 🧐 These “small businesses” were the heart of success without any sophisticated capital and so Gnesin decided to start acquiring some of these other businesses.
Now Elevate has a catalog of over 8,000 product SKUs and an average rate of 200% growth post-acquisition. 🚀Tune in to hear how third-party sellers are the heart of the “everything store.” 🏬
- Ryan Gnesin, CEO, Elevate Brands
- Darren Saul, CEO, VENDO
- The Story of Elevate Brands
- Generating revenue as a third-party
- Sellers to aggregators
- Scaling brands
- Dealing with growing competition