Thai E-Commerce Enabler Raises USD 15 Million

January 2020

Bangkok-headquartered ecommerce enabler, aCommerce announced the closing of a USD 15 million funding round from Indies Capital Partners on 14 January 2020. The USD 15 million funding from Indies Capital Partners follows a USD 10 million funding round from existing shareholders in July 2019.

Founded in 2013, the company has around 1,100 staff and operations in Indonesia, Thailand, Malaysia, Singapore and the Philippines, aCommerce provides robust localized ecommerce solutions for global brands such as  Samsung, Unilever, Nestlé, L’Oréal, Philips, Adidas, Mars and more. It provides a full end-to-end suite of e-commerce technologies and solutions including omni-channel retail, performance marketing, channel management, webstore design and operations, content production, order fulfillment and warehousing, delivery and logistics and localized customer care.

Singapore-based Indies Capital Partners is an alternative asset manager focusing on private credit and equity in Southeast Asia.  Established in 2009, it has invested more than US$1 billion across multiple strategies and on behalf of institutional and private investors.

(Sources: Deal Street Asia; aCommerce)

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