Lansdowne Partners, one of the world’s biggest hedge funds, has taken a stake in Achica, the online homewares site set up by Asos co-founder Quentin Griffiths.
Documents filed at Companies House, which detail Lansdowne’s investment, show that the company is considering a stock market listing at some point in the future, the Telegraph reported.
An IPO is understood to be some way off but is a possible exit route for Achica, whose early investors include technology-focused private equity firm Balderton.
Achica is a ‘flash sales’ site which offers members discounts on furniture, homewares and kitchenware. It recently promoted former Tesco Direct boss Steve Robinson to chief executive while co-founder Will Cooper moved up to chairman.
Neither Achica or Lansdowne commented on the story.