Razor Group
- 🦄Became a unicornNov 2021
- 📈Peak valuation$1.2 Billion ’23
- 💔Became a Unitard2024
- 💸Last valuation~$12M
The rise & fall
8 moments · 2020–2025The key moments, with employee sentiment along the way.
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
Razor Group, founded in Berlin in 2020 by former Rocket Internet managers Tushar Ahluwalia and Christoph Gamon with CTO Shrestha Chowdhury, bought third-party Amazon sellers and scaled their brands. Much of its early buying power came from debt: a $400M round in March 2021 was $375M of loans.
A $125M equity round that November took it past a $1B valuation. TechCrunch reported a $1.2B valuation, citing company sources, when Razor closed an €80M Series C and absorbed rival Stryze in April 2023.
SEC filings show BlackRock Credit Strategies Fund marked its Razor warrants, which track the share price, from about $11,570 each in mid-2022 to zero by June 2024. In August 2025 Razor merged with Infinite Commerce, another Victory Park Capital investment, keeping the Razor name.
Mutual-fund markdowns
2 funds · SEC NPORT-PHow U.S. mutual funds fair-value this still-private company in their quarterly SEC filings.
| Fund | Class | $/sh | From peak | As of |
|---|---|---|---|---|
| BlackRock Credit Strategies Fund | $0.00 | -100% | Sep 2025 | |
| BlackRock Credit Strategies Fund | Common | $0.00 | +0% | Sep 2025 |
| BlackRock HPS Credit Strategies Fund | $0.00 | +0% | Jun 2026 |
Source: SEC EDGAR Form NPORT-P (Level-3 fair-value marks). Per-share marks reflect the fund’s own valuation of a specific share class and aren’t a company-wide valuation. Last refreshed Oct 2026.
Source: TechCrunch (Nov 8, 2021): $125M all-equity Series B takes Razor past a $1B valuation; earlier $400M round in March 2021 was $375M debt and $25M equity. TechCrunch (Apr 17, 2023): €80M (about $88M) Series C and all-share acquisition of Stryze, valued at $1.2B per company sources. SEC NPORT-P, BlackRock Credit Strategies Fund: 46 Razor Group GmbH warrants (call, $1 exercise price, one share each, so priced like the underlying shares) marked about $4,937 each (Sept 2021), $11,571 (June 30, 2022, high), $3,619 (Dec 2022), $940 (Dec 2023), $75.80 (March 2024) and $0 from June 30, 2024 through Sept 30, 2025; the drop is keyed to this track. The same fund carried 3,182,164 Razor Class A preferred at $0.511 (Sept 2024) and $0.00001 from Dec 2024, and post-merger Razor Infinite preferred and equity shares at nominal values (Sept 30, 2025). PR Newswire (Aug 28, 2025) and Victory Park Capital statement: merger with Infinite Commerce, no terms disclosed.
Founders
Current roles as self-reported on LinkedIn, retrieved 2026-10-22. See our methodology.
Disclosed investors (16)
Historical funding participation; lists may be incomplete and do not establish current ownership or investor losses.
* Lead in a funding round · Crunchbase ↗ · 2026-10-22 · Methodology · Leaderboard
