Una Brands snaps up ergonomic chair, table brands

Singapore-based Una Brands, an ecommerce roll-up firm, has acquired ergonomic chair brand ErgoTune and adjustable desk retailer EverDesk+ in an eight-figure US-dollar deal. Details of the specific acquisition amount weren’t disclosed.

(From left) ErgoTune and EverDesk+ founders Joshua Chan, Kiren Tanna, Lye Yi Hao, and Tan Jun Kiat

The two Singapore-based brands were both founded in 2017 by Joshua Chan, Lye Yi Hao, and Tan Jun Kiat. Both companies said that they saw a 3x growth in revenue driven by demand due to work-from-home mandates amid the pandemic.

“We aspire to grow ErgoTune and EverDesk+ into the region’s best-selling ergonomic chairs and desks in the next three years,” said Kiren Tanna, co-founder and CEO of Una Brands.

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Both ErgoTune and EverDesk+ have already launched in Australia, which brought in 15% of the businesses’ overall revenue for the last quarter of 2021. Una Brands plans to make these retailers’ ergonomic products available on Amazon by the first half of 2022, as well as to boost their offline presence through showrooms.

Last year, Una Brands bagged US$15 million in series A funding in November, six months after its US$40 million seed round. It has also earmarked US$35 million for brand acquisitions in Indonesia.