Raunak Nirmal, Sikh-American who makes it to the Forbes 2022 '30 Under 30 Retail & E-commerce list'; read more

Raunak Nirmal is the CEO of one of the largest and fastest-growing Amazon aggregators in the country. Acquco, his company, has raised $160 million in order to acquire businesses with combined revenue of approximately $250 million this year.

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Nirmal is one of the promising up-and-comers on the Forbes 2022- 30 Under 30 Retail & E-commerce list, pursuing opportunity and success in the rapidly retail industry, which has been hit by the pandemic, supply chain issues, and inflation.

Acquco works with third-party e-commerce sellers to acquire brands and share in the growth of those brands.

"I've been living and breathing Amazon," says Nirmal, 29, who founded several Amazon businesses after beginning his career as an analyst at Amazon right out of college.

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He is a first-generation Sikh-American, having moved to America with his parents when he was seven years old from India. Nirmal recalls his parents as his idols in getting him to stand on his own two feet.

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He also stated, "We assume that the opportunity goes beyond simply acquiring a large number of brands on Amazon. We believe that converting these brands into true omnichannel brands represents the true potential of these brands." Nirmal, a Sikh who immigrated to Canada when he was seven, agrees. He's given away Teslas in exchange for leads on hot market deals, and he's currently raising $400 million more. He intends to go public within the next year or so.

 

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