aCommerce Co., Ltd.

Key Company Facts


Founded	2013
Headquarters	Bangkok, Thailand
Sector	E-commerce/Logistics
Industry	E-commerce Enabler
Founders	Paul Srivorakul and Peter Kopitz
Number of employees	900
IPO Date	2023 (expected)
Number of investors	16
Total funding	$118.8 billion USD
Number of account holders	N/A
Valuation estimate	$15 million USD

Company Overview & History

aCommerce is a leading end-to-end ecommerce provider serving startups, retailers, brands, and manufacturers in Southeast Asia.

Its mission revolves around fostering growth in its clients’ businesses by improving every touch point between the brand and its customers.

Offering comprehensive solutions ranging from detailed processes & operations to innovative technology, performance-based marketing, logistics, fulfillment, and delivery, aCommerce is committed to helping brands strengthen their online presence

Financial Performance

The financial performance of aCommerce has shown considerable growth over the years. In terms of total revenue, aCommerce grew from THB 4,601.5 million in 2019 to THB 8,948.5 million in 2021.

The first quarter of 2022 registered total revenue of THB 2,591.5 million.

The company’s gross profit margin was 7.3% in 2021, down slightly from 7.5% in 2020. However, the company has consistently posted a negative operating EBITDA, indicating that it is not yet profitable at the operational level. The operating EBITDA margin was -2.4% in 2021 and -2.7% in the first quarter of 2022

Revenue

Year	Revenue (THB)
2019	THB 4,601.5 million
2020	THB 7,113.2 million
2021	THB 8,948.5 million

Business Model

The business model of aCommerce is anchored in providing a secure web-based system that optimizes supply chains in the most cost-effective way. The company’s cloud-enabled enterprise software suite helps manage people, resources, and information, from supplier to customer.

By offering various tools and services such as inventory management, ecommerce shopping cart customization, recruitment and employee management modules, advanced security settings, project management, CRM support, and more, aCommerce ensures a seamless process for businesses to sell their products online.

Through this model, aCommerce assists businesses in reducing costs, improving productivity, and becoming more competitive

Estimated Valuation

Year	Valuation (THB)
2017	THB 243.85 million

Risk Factors

As an e-commerce provider, aCommerce faces several risk factors common in the industry. These include online security risks such as hacking, data breaches, and malware, all of which can result in significant financial losses and reputational damage. Measures to mitigate these risks involve implementing robust security policies, educating team members about security risks, and keeping site data updated and backed up.

Another risk is website downtime, which can severely impact the ability to make sales, especially during peak times. This risk can be mitigated by choosing a reliable hosting solution and ensuring the website is regularly updated. Changes in search engine algorithms that affect website traffic also present a risk.

Keeping up with trends, avoiding bad SEO practices, and maintaining a clean and simple website can help in managing this risk

Market Opportunity

aCommerce operates in the rapidly growing Southeast Asian market, a region which presents a substantial opportunity in the ecommerce sector. The region’s internet economy, driven by increased internet penetration and smartphone usage, was projected to exceed $300 billion by 2025.

The shift from traditional retail to online shopping, accelerated by the COVID-19 pandemic, has led to more consumers opting for online purchases.

This change in consumer behavior, coupled with businesses’ need for comprehensive end-to-end e-commerce solutions, forms the immense market opportunity for ACOMMERCE.

Competitors

Synagie
Baozun
SingPost
Shopstack
Jet Commerce
PowerCommerce
ME-Retail Solutions
Scale Labs
Takatack Technologies
Ihub Solutions
Unicommerce
Browntape
Ace Turtle
Broadway Warehouse