ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Thai online beauty retailer Konvy raises $10m from Insignia Ventures

Cosmetics seller will use funds to build brick-and-mortar stores

Ten-year-old startup Konvy plans to use fresh capital to build brick-and-mortar stores, develop house brands and expand in Southeast Asia. (Screenshot from Konvy website)

BANGKOK -- Bangkok-based online beauty retailer Konvy has raised $10 million in a Series A funding round solely from Insignia Ventures Partners -- the first capital commitment by the Singapore-based venture capital firm in a Thai company.

The 10-year-old startup, which produces and sells skin care products and cosmetics via its online platform, told DealStreetAsia that it plans to use the fresh capital to build brick-and-mortar stores, develop house brands and expand in Southeast Asia.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more