Participated · Series C · Jun 2022

Deliveree operates a dynamic logistics marketplace that lets clients book large trucks and uses algorithms to determine optimal routes based on location, load and weather. The platform aggregates demand from tens of thousands of customers and vendors, matching independent drivers and trucking companies to reduce empty miles. Deliveree says its marketplace can raise truck utilization to as high as 80% and is informed by an internally generated dataset built over five years. The company has grown gross transaction value 3.2x in the past 24 months and expects to exceed $100 million this year. It currently has about 500 employees and roughly 100,000 drivers on its platform, and is available in Indonesia, the Philippines and Thailand. Deliveree monetizes via a commission split (roughly 20% to Deliveree, 80% to carriers) and positions itself as an asset-light alternative to corporate fleets. Deliveree is a logistics platform that serves metro areas in Thailand, Indonesia and the Philippines. The company was the subject of a DealStreetAsia report announcing a $14.5 million Series A round led by Chinese venture capital firm Gobi Partners. The article identifies Deliveree’s geographic coverage but does not describe specific product features, service offerings, or technology. The report also does not provide operating metrics such as revenue or user counts, nor does it disclose a valuation. No information on the company’s future plans, use of proceeds, or strategic priorities was included in the article.

Participated · Equity · Jan 2016

Original Stitch sells custom, made-to-order shirts manufactured with Japanese tailors and factories, typically priced around $75 and delivered in about a week. The company operates a software platform and emphasizes operational efficiency—its founder says 90% of the team are engineers. It reports 130,000 users, with 50% repeat customers and an average order size of $80. Founder Jin Koh frames the business around transparency in fashion and a move toward more sustainable, custom apparel. The team says it wants to expand into body scanning for customer orders and improve its ability to create custom shirts. The company positions its scalable platform to reinvest profit into product development and customer savings.

Participated · Equity · May 2015

aCommerce is described in the article as a Bangkok-based brand ecommerce enabler. The company announced on Tuesday that it has raised $15 million from Indies Capital Partners. Indies Capital Partners is identified as a Singapore-based investor. The article does not disclose the financing instrument (equity, debt, etc.) or the valuation. No additional investors, prior rounds, operating metrics, or use of proceeds were mentioned in the article. aCommerce is an e-commerce enabler that helps brands execute across multiple channels by providing logistics, fulfillment, delivery and digital marketing services. The company operates in Thailand, Indonesia, the Philippines and Singapore and works with brands including Samsung, Unilever, Nestlé, L’Oreal, Philips and Mars. CEO Paul Srivorakul said aCommerce has shifted from solely digital media to enabling commerce across on- and offline fronts to help brands own their retail footprint and customer data. B2B sales now account for 30% of the startup’s revenue, up from 10% a year earlier. The company raised $65M in a Series B led by KKR-backed Emerald Media and said it will use funds to expand into Vietnam and Malaysia. The Series B takes aCommerce to $94M raised to date. aCommerce operates a suite of services that help e-commerce companies, brands and traditional retailers manage online business operations including inventory, warehousing, logistics, fulfilment and digital marketing. The company is active in Thailand, Indonesia and the Philippines and was founded in 2013 in Bangkok. Management says the business recently saw Indonesia overtake Thailand as its largest revenue generator. aCommerce plans to expand into Malaysia, Vietnam and to re-enter Singapore with partner DKSH. Financially, the company has cash on hand from prior rounds, says it can break even next year with current funds, and raised new capital to grow ahead of a larger Series B. The new funding is intended as a sprint to improve valuation and minimize dilution before a planned Series B in excess of $50 million later this year. aCommerce provides end-to-end e-commerce services for retailers and brands, covering logistics, warehousing, online sales and other commerce-related services. Founded in June 2013 and based in Bangkok, the company works with over 150 clients. Management says the business is beginning to break even in its two largest markets, Indonesia and Thailand, and that overall revenue grew 150% in Q4. The company plans to use its new partnership to expand further in Southeast Asia, specifically into Malaysia, Singapore and Vietnam. aCommerce’s long-term goal is to build a platform that increases efficiency across e-commerce transactions. CEO Paul Srivorakul emphasized the company will remain independent while leveraging the partnership to pursue cross-border and B2B opportunities. aCommerce is a Bangkok-headquartered, NTT Docomo-backed logistics and commerce-fulfillment company that provides backend technology and logistics services to online retailers, including Line. The company supports regional e-commerce operations and has seen particularly strong traction in Indonesia, where its business "has exceeded forecasts." aCommerce reported regional revenue growth of 700–800% over the past year, though raw revenue figures were not disclosed. Management has deferred a previously expected Series B to focus on execution and further value creation over the next eight to nine months. The firm previously raised a $10.7 million Series A in June 2014 and has now received a $5 million capital injection from existing backers. When it does raise the Series B, leadership expects the round to exceed $30 million.

Led · Seed · Dec 2014

Page365 provides a platform that plugs into Facebook and Line to help merchants manage communications, payments, stock and orders for social-commerce sales. The company started two years ago to address informal Facebook-based selling in Thailand and now claims 9,000 merchants on its platform. It dropped a $10/month minimum subscription in favor of a freemium model and currently derives revenue from a cut of paid, value-added partner services such as payments and logistics. Page365 estimates Thailand’s social-commerce niche is worth $510 million per year. Co-founders Prathan ‘Pop’ Thananart and Lusarun Silpsrikul are focused on product development priorities such as integrating Instagram’s limited API. The team is also pursuing regional expansion, with early testing in Vietnam and plans to offer the service across Southeast Asia within the next year.