News

E-commerce Fashion

Staff Reporter

, Southeast Asia

Published:

10 months ago

313 views

Photo from Konvy, showing (left to right) Leon Huang (CFO & Co-Founder), Mia Chou (Ecommerce Director), QingGui Huang (CEO & Co-Founder), Pornsuda Vangvidhayakul (Managing Partner) and JC Chen (CCO)

Thai beauty e-commerce platform Konvy bags $11m for SEA expansion

The online beauty store features over 20,000 products.

Thailand-based e-commerce platform Konvy has raised $11m in the second round of Series A fundraising to support its expansion in Southeast Asia.

In a statement, Konvy said the funding was from new Day Ventures Limited, the investment arm of Philippines-based retail operator Robinsons Retail Holdings Inc, AlibabaAlibaba International Digital Commerce (Alibaba International), and existing investor Insignia Ventures Partners.

Konvy aims to start its expansion in the Philippines, citing the country's dynamic beauty market.

“After Thailand, the Philippines is the next port of entry for mass adoption of beauty products and remains a trendsetter in the industry with their young and digitally savvy population," said QingGui Huang, CEO and co-founder of Konvy.

ALSO READ: Korea-based single-price shopping app Pocket PangPang launches in Thailand

"Konvy aims to replicate our success in Thailand by offering a diverse range of beauty products, blending the convenience of online shopping with the immersive experience of a physical store,” Huang added.

Founded in 2011, Konvy hosts over 1,000 global and local brands and 20,000 products on the platform.

Also Read

Nearly 7 in 10 Filipino travellers prioritise shopping during holiday trips

New Zealand's e-commerce market to reach $10.8b by 2028

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit