After VNG, Temasek plans to pour US $ 100 million into the parent company of Fast Delivery, Ahamove

Tram Ho

Temasek announced that it would invest in prospective unicorns (Southeast Asia) companies in Southeast Asia, focusing on a group of companies operating technology platforms with a value of $ 100 million or even up to 1 billion. USD.

Temasek Investment Group of the Singapore Government said it intends to invest in Scommerce – a logistics platform in Vietnam and belonging to Seedcom, the source said DealAsia Street. The deal is expected to officially be announced in the coming week with an estimated value of 100 million USD.

It is known that Scommerce is a forwarding company in Vietnam, specializing in serving the shipping needs of e-commerce partners nationwide. Scommerce was established through the merger of Giaohangnhanh (GHN), Ahamove and Gido’s cross-border freight forwarder. Starting in 2012, GHN Express operates and receives funding from Seedcom. It then acquired Ahamove – a commercial delivery startup – and launched the GHN Logistics brand to provide integrated logistics solutions.

Currently, Scommerce has a network of 63 provinces and cities with 500 post offices, 1,500 shipping points Vinmart +, Circle K. The company is also cooperating with 100,000 stores and businesses, including many big brands such as Shopee, Tiki. , Lazada, Juno, Vinamilk, Sendo …

About the parent company, Seedcom is a retailer operating in three main industries: food and beverage, fashion and digital commerce management. Seedcom was founded in 2004 by Mr. Dinh Anh Huan – former co-founder of Mobile World (MWG).

Back to the above deal, Temasek is not a strange name in the Vietnamese market when it was invested early in the early 2000s with a long list of resources, agriculture, forestry, infrastructure and information technology. news, bank …

In March 2019, Temasek also invested about US $ 100 million to become a major shareholder of VNG – the only unicorn to date in Vietnam. This deal has raised VNG’s valuation to over USD 2 billion.

Particularly in the field of e-commerce with strong growth potential in the future, Temasek is facing many big rivals in Vietnam, from money players such as Grab, Tiki … to traditional companies such as Gemadept (GMD) and Indotrans; There are also private firms or venture capital funds such as Misa (funded by TA Associates), KiotViet and Logivan.

Refusing to stay on the sidelines, Temasek announced that it would invest in promising unicorns (Southeast Asia) companies, focusing on a group of businesses operating technology platforms with a value of $ 100 million. even up to 1 billion USD.

On the other hand, recorded in the Google-Temasek-Bain eConomy SEA 2019 report, Southeast Asia has more than 70 unicorns in operation. Last year, Temasek poured capital into three of these companies, including the Sociolla beauty platform in Indonesia, the media company for the ONE Championship event on martial arts MMA and e-commerce startup. Zilingo fashion.

In addition, in Southeast Asia, Temasek has also invested in technology startups such as Gojek, Razer and Lazada.

In addition to Temasek, TPG (investing in PropertyGuru), Equinas (MediExpress) and KKR (aC Commerce, Voyager) are some other prominent investors who are soon betting on Southeast Asia.

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Source : IctNews