E-Commerce

$11M for Thai beauty platform Konvy to expand in the Philippines

January 9, 2024

Ready to glow up? Konvy is a Thai beauty startup that carries over 1K local and global beauty brands. They just raised $11M in a second Series A round to push their expansion into SEA. 

  • They sell over 20K products across categories like skincare, makeup, haircare, and more!

Investor check. New Day Ventures Limited, the investment arm of Robinsons Retail Holdings, Inc., Alibaba International Digital Commerce Group, and existing investor Insignia Ventures Partners joined the round. 

  • They closed the first round of their Series A with $10M in 2022. 

💄 Konvy-nient shopping

Stop searching through multiple stores just to find your favorite beauty products. Konvy carries a wide selection of brands—from affordable to luxury!

Bringing the world to you. Aside from local brands like Srichand and Cathy Doll, they also sell global brands like Bobbi Brown, SKIN1004, REVLON, and more.  

  • Fancy! They even sell products from luxury brands such as Dior, Sulwhasoo, and Shiseido.
  • So whether you’re looking for the K-beauty cult-favorite COSRX Snail Mucin Power Essence or the iconic Dior Addict Lip Glow Balm, you’ll find it on their platform.

Buy it online or in person. Aside from their website, you can buy items from Konvy’s 800+ physical retail stores! Oh, and you can also find them on Shopee, Lazada, and TikTok. 

🇵🇭 See you in the Philippines! 

Konvy is beginning their regional expansion with the Philippines. 

  • “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,” says QingGui Huang, co-founder and CEO of Konvy. 

PH’s beauty space. Following the rise of beauty startups in SEA (hello, Indonesia’s Sociolla), the Philippines also has its share of startup cosmetics brands like Five Beauty and Colourette Cosmetics.

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