Una Brands raises US$30 million in funding led by Northstar Group

UNA Brands has raised a US$30 million pre-Series C round led by private equity fund manager, Northstar. The funding round is a mix of equity and debt, the breakdown of which has not been disclosed.

The e-commerce roll-up has said the fresh funds will provide a cash runway for the next two years.

The funding round follows a US$30 million round in September 2022, led by White Star Capital and Alpha JWC.

Sreejan Choudhary, managing director of Northstar, said: “We are bullish on South-east Asia’s e-commerce economy, and believe that Una Brands is well-positioned to capitalise on these industry tailwinds. The investment by Northstar Group reflects our confidence in the Una Brands team and their operational capabilities.”

The funds will go towards enhancing Una Brands’ platform for its portfolio of brands, as well as investing in strengthening supply-chain and distribution networks in key markets. The funds will also be used to acquire e-commerce brands in the home-and-living, mother-and-baby and beauty and personal care segments.

Una Brands will also explore possible opportunities for acquisitions as the e-commerce roll-up segment undergoes consolidation in the current market climate. The company says that it currently has about US$70 million run-rate revenue, a projection of the year’s revenue, and expected to be Ebitda-positive this year. (Ebitda is for Earnings Before Interest, Taxes, Depreciation and Amortisation.)

A NEWSLETTER FOR YOU

Monday, 3.30 pm

Garage

The hottest news on all things startup and tech to kickstart your week.

Sign Up

Kiren Tanna, chief executive officer of Una Brands, said: “We are thrilled to have Northstar as our partner in this journey. We believe their deep knowledge of the South-east Asian markets and strong e-commerce experience will be very valuable to Una Brands as we look to double down our operations across the region.”