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E-commerce enabler aCommerce closed US$65M Series B funding round led by Emerald Media

E-commerce enabler aCommerce closed US$65M Series B funding round led by Emerald Media

aCommerce cited plans to scale strategic partnerships in its current market with its latest funding round

aCommerce Co-Founder and Group CEO Paul Srivorakul

Southeast Asian e-commerce enabler aCommerce today announced that it has raised a US$65 million Series B funding round led by Emerald Media, a KKR-backed platform that invests in “fast-growing” media, entertainment, consumer tech, and B2B industries across Asia.

Existing investors Blue Sky, MDI Ventures and DKSH also participated in the current round, with North Ridge Partners advising.

In a press statement, aCommerce listed down its plan with the funding round as:

1. To further augment its brand-centric tech platform that allows clients to “plug in” and distribute through integrated B2B and B2C networks with real-time data analytics.

2. To scale strategic partnership in current markets, which are Singapore, Indonesia, Thailand and the Philippines.

3. To enable client expansion into new markets such as Malaysia and Vietnam.

“Having a strong partner like KKR and Emerald Media with their years of investment experience in the region will provide capital and critical connections in content and demand generation across Southeast Asia, which we see a great deal of convergence in. We can provide our clients an even better level of transparency and accountability hard to find elsewhere,” said aCommerce Co-Founder and Group CEO Paul Srivorakul.

Also Read: How aCommerce, Blanja, and Pinjam maintain employee retention

Founded in June 2013, aCommerce is an e-commerce enabler and e-distribution company that provides services such as performance marketing, channel management, webstore design and operations, content production, order fulfillment and warehousing, delivery and logistics and localised customer care.

The company said it has over 1,400 staff and offices and fulfillment centers in Singapore, Indonesia, Thailand, Malaysia, and the Philippines.

It claimed 260 brands as clients including Samsung, Unilever, Nestlé, L’Oreal, Philips, and Mars.

In September, aCommerce Indonesia CEO Hadi Kuncoro left to company to join logistics and fulfillment company Feedr. He was being replaced by Patrick Vaz.

Image Credit: aCommerce

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