News

E-commerce Fashion

Staff Reporter

, Southeast Asia

Published:

3 months ago

115 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

foodpanda launches house brand ‘bright’

AI-powered personalisation paints the future of retail

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

Top News

Vinhomes launches new entertainment and shopping hubs

It aims to provide residents with top-tier amenities and infrastructure that reflect global trends.

Stores

21 hours ago

foodpanda launches house brand ‘bright’

It offers a broader range of products covering fresh meats, ready-to-eat meals, pantry staples, beverages, snacks, and cleaning supplies.

E-commerce

21 hours ago

Half of Asian consumers prioritise inner beauty in F&B choices

43% of Asian consumers are highly inclined to buy products endorsed by social media influencers.

21 hours ago

Payment cards drive over 50% of Australia's e-commerce transactions

The country’s e-commerce market is anticipated to hit $72.9b by 2028.

21 hours ago

Exclusives

AI-powered personalisation paints the future of retail

Businesses use AI to gain deeper insights into consumer needs and preferences for more customised omnichannel offerings.

E-commerce

4 days ago

ZALORA ramps up sustainability amidst rising demand for eco-products

Customers of ZALORA who shop for sustainable products are increasing year by year.

5 days ago

Two reasons why Zalora’s fulfilment centre skipped futurism

ZALORA’s strategy enables the processing of up to 200,000 orders daily.

E-commerce

5 days ago

Brand-building for Unilever International goes beyond consumer care

The brand’s innovative practices benefit both consumers and workers.

Stores

Event News

EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences

Co-Written / Partner

By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.

Key figures at Seamless Asia fan e-commerce excitement over AI

Co-Written / Partner RSM's David Eu offers insights on e-commerce, technology, and collaborative innovation driving retail transformation

Co-Written / Partner Euromonitor’s Hiromi Yamaguchi: Loyalty programmes, digital integration vital amidst evolving consumer expectations

Co-Written / Partner EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences

By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.