BlackRock, Investors Pump Funds Into Amazon Aggregator Razor
This article is for subscribers only.
Investors including BlackRock Inc. have agreed to provide another loan of at least $15 million to Razor Group, according to people familiar with the matter, as the German e-commerce brand aggregator attempts to stave off a liquidity crunch.
The relatively modest financing proposal indicates the severity of the cash squeeze at the Berlin-based firm that, according to Pitchbook data, has raised more than $1.3 billion in capital. It’s part of a turnaround effort that includes talks between Razor and fellow aggregator Infinite Commerce Inc. for a potential merger, the people said, asking not to identified because the process is confidential.