How An Entrepreneur Left Amazon To Start A Company Helping Others Expand Their Online Sales | Forbes

Acquco is one of the largest and fastest-growing aggregators of companies that sell on Amazon. Nirmal has raised $160 million to acquire businesses that will generate some $250 million in revenue this year. “I’ve been living and breathing Amazon,” says Raunak Nirmal, who worked as an analyst at the e-commerce giant right out of college and started several Amazon companies himself. Now he’s scaling others’ products (household items like shower curtains, bug zappers and milk frothers), a process that includes expanding beyond Amazon to sites such as Walmart, Target and Best Buy. “We think the potential isn’t just getting a bunch of brands on Amazon. We think the true potential is turning these brands into true omnichannel brands,” says Nirmal, a Sikh who emigrated from India when he was 7 years old. He has given away Teslas for leads on deals in the white-hot space and is in the process of raising another $400 million.

We published the first edition of the Forbes 30 Under 30 a decade ago, with one clear goal: to identify the new guard, the young innovators, trailblazers and disruptors remaking our world. That first list featured names like Kevin Systrom, whose company Instagram had only seven employees; Lena Dunham, who had yet to debut on HBO's Girls; Daniel Ek, who had just launched Spotify in the U.S.; journalist Ronan Farrow, years before he exposed Harvey Weinstein in the New Yorker; and actor Donald Glover, then mostly known as a cast member in the cult comedy Community.

Much of 2022 was being freshly created by this group back in 2012. Ten years from today, it’s a good bet we’ll all be living in a new world being imagined today by the 600 entrepreneurs, innovators and entertainers that make up our 10th Anniversary class.

Read the full story on Forbes: https://www.forbes.com/30-under-30/2022/

Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1

Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.