Konvy reveals plans to become No. 1 beauty regional in ASEAN Push the company to become a unicorn in 69.

Konvy, a Thai beauty startup Plan to invade the ASEAN region Pinning the Philippines, Malaysia, Vietnam, aiming to become unicorns in 2569 Company value exceeds 30,000 million baht

January 11, 2567 Mr. King Guo Huang Chairman of the Executive Board and founder Convy International Company Limited Operator of branded retail platform business Konvy) revealed that

In the past year 2566, the company was able to grow its revenue by 1 times, or worth more than 2,000 million baht, and after operating for 11 years, it had an average growth rate of 40-50%.

For the 2567 strategy, the company is preparing to push Conwy. From a Thai startup To become a company ASEAN regional level through invasion of 3 important countries besides Thailand, namely the Philippines, Vietnam and Malaysia.

This year, it will enter the market in the Philippines as the first country. Through the introduction of Thai cosmetics and skincare brands and global brands Catching the Filipino people, who have more than 100 million people, have a higher beauty market value than in Thailand. with a market value of 500 million US dollars

by previously The company recently raised $2 million in a second Series A funding round from New Day Ventures Limited, the investment arm of Robinsons Retail Holdings, Inc., one of the largest retail operators. In the Philippines, Alibaba International Digital Commerce Group (Alibaba International) and existing investor Insignia Ventures Partners

Convy will use the funds to develop businesses with technology and innovation. Along with finding a strategic business partner (Strategic Partner) to collaborate with brand partners around the world to expand the beauty market in Southeast Asia.

“Convy aims to be the number 1 beauty platform in ASEAN. Currently, there is a market leader in the company. Address in Indonesia The company is expected to overtake him. Must make income higher than 5,000 million baht. This year the company Set a revenue target of more than 3,000 million baht or grow more than 100% and next year prepare to expand business in Malaysia and Vietnam.”

As for invading the Thai market, the company plans its strategy to be more than just a beauty e-commerce platform. By expanding storefronts to 2 branches: Siam Square, targeting teenagers, and The Mall Bangkapi. family group Providing a seamless shopping experience from online to on-ground. Passed more than 2,000 sku products

Convy platform side Currently, there are 4-5 million active users/month from 5-6 million downloads. There is a spending amount per bill of more than 1,000 baht, consisting of 1,000 brands, more than 20,000 sku.

“In 2567, it is expected that the Thai beauty market, worth approximately 30,000 million baht, will slow down, growing 5-6% per year from the normal growth of 9% per year because the economy's purchasing power has not yet recovered well.”

However, Conwy's next plan is to push the company into a Thai unicorn startup. that has company value (Market Cap) more than 1,000 million US dollars or equivalent to 30,000 million baht by 2569.