Thailand-based regional end-to-end e-commerce service provider aCommerce today announced raising $10.7 million in a Series A round. According to an official statement, the deal was organised by the firm’s founding investor Ardent Capital. Founded in June 2013, aCommerce provides end-to-end e-commerce solutions to bring brands into online retail, including platform design and development, order fulfillment and warehousing, delivery and logistics, customer service call centers, content production, transactional marketing, and channel management.
aCommerce, a regional end-to-end e-commerce logistics and service provider for Southeast Asia, has closed a Series A funding round of $10.7 million. According to the company, this is the largest Series A for a Thailand-based startup and one of the largest Series A rounds in Southeast Asia to date. The funding was organized by founding investor Ardent Capital, and led by Inspire Ventures, a Bangkok-based firm, with participation from NTT DOCOMO; Sumitomo Corporation Equity Asia Limited; Sinar Mas Indonesia; Asia Pacific Digital; Cyberagent Ventures; and JL Capital, as well as angel investors and executive staff. Paul Srivorakul, regional CEO of aCommerce, explains logistics in Southeast Asia is challenging for vendors because the market is extremely diverse with multiple distribution channels. Low credit card penetration also means customers in up to 90% of local markets prefer cash-on-delivery payments.