Logistics startup aCommerce mulls IPO outing by 2020, eyes profits in key markets

aCommerce executives

aCommerce, a Bangkok-headquartered end-to-end logistic solutions provider for brands, plans to tap the stock market by 2020 to raise funds to invest in the development of a unified data platform, the company announced on Friday.

Paul Srivorakul, Group CEO and Co-Founder of aCommerce, told DEALSTREETASIA that it is considering listing options in two bourses at present, Singapore Stock Exchange and Stock Exchange Thailand.

“The criteria that we are evaluating are the types of investors, liquidity, and most importantly, the perception of aCommerce from brands. It is important to us to know that which market will provide the best positioning for aCommerce,” he said.

He declined to divulge plans regarding the issue size.  “It has not reached that stage yet,” he said.

“We, as a group, are targeting to be profitable by next year. In fact, in some months, Thailand will be profitable. Next market to be profitable is Indonesia,” he cited.

To date, aCommerce has received a total of $96.5 million in investment from industry leaders such as KKR’s Emerald Media, BlueSky, DKSH, Inspire Ventures, Sinarmas and NTT Docomo.

aCommerce was founded in 2013 to solve the e-commerce challenges in Thailand. Over the past five years, it has grown to be a medium-sized firm that serves global brands in five countries including Thailand, Indonesia, the Philippines, Singapore and Malaysia.

In the era where information is easily accessible, whether from Google, Facebook or e-marketplaces, brands are making use of such data to maximize their reach, improve their products, and optimize their ways of communications. A survey by ecommerceIQ found that up to 25.8 per cent of brands are looking for digital talent with data analysis skill to help them map a strategy.

“A massive amount of customer data is currently floating in the air, available for everyone to optimize, but nobody has integrated it in a single platform yet,” said the Srivorakul.

It plans to use the capital raised through IPO to improve a unified data platform, helping manage the chunk of information for brands as a data partner.

“The ultimate goal is for brands to come to us for centralized data about a customer and eventually be able to offer customized products or services to each target group. In addition, once we have listed, we are also looking to use our stocks effectively. Our stocks will be put to use for M&A of startups or smaller companies in Southeast Asia,” he added.

Also Read:

Exclusive: Logistics startup aCommerce plans to raise over $30m Series B in Q4

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.