All about beauty. Meet Konvy! They're Thailand's leading beauty e-commerce firm. Oh, and they've just raised a $10M Series A from Insignia Ventures Partners!
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π₯Ύ Unstrapping the bootstraps
They were bootstrapping until last year when they raised a seed round from Alpha Founders Capital and ECG Research (formerly ECG Venture Capital).
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π How it works
Their main platform is their website, which was launched in 2012. They sell global and local beauty brands, including everything from skincare and makeup to perfume and haircare!
Omnichannel's the way to go. They also sell products at their 800+ offline retail stores, as well as on online platforms like TikTok, Lazada and Shopee.
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π The goal?
Konvy's here to help local and international beauty brands take advantage of two major trends:
This way, they'll be the go-to distribution channel for international and local beauty brands that want to sell in Thailand.
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π° What's with the $$$?
They'll be laser-focused on speeding up the growth of their omnichannel and international distribution to support more health and beauty brands. Oh, and they'll be growing the team too!