-
Society Pass buys PHL online grocery delivery firm17/02/2022Society Pass (SoPa), a Vietnam-based tech firm incorporated in the US, has made its first foray into the Philippines by acquiring Pushkart, an online grocery delivery firm, for an undisclosed sum.
SoPa seeks to tap into the Philippines’ digital economy, which is expected to reach US$40 billion in gross merchandise value by 2025, according to a report by Google, Temasek Holdings, and Bain & Company. SoPa is also planning to acquire more companies in the country over the next few months.
Dennis Nguyen serves as founder, chairman, and CEO at Society Pass. / Photo credit: Society Pass
With more than 125,000 registered users and over 20,000 mobile app downloads, Pushkart is among the top ecommerce players in the Philippines.
SoPa said it will help improve Pushkart’s technology, double the number of registered users, and boost app downloads to over 150,000 by the end of 2022. Pushkart will also increase focus on on-demand grocery shopping services to more customers and retailers.
“With the capital provided by SoPa, Pushkart will now be empowered to provide enhanced end to end solutions to our customers and ensure an amplified market presence,” CEO Michael Lim said in a statement.
The latest deal comes months comes after SoPa made its US trade debut on the Nasdaq. It is the first Vietnamese company to complete a traditional listing on a stock market outside its homebase.
Nguồn: Tech In Asia
-
Vietnam harnesses AI to transform public services27/03/2025The Government is accelerating AI application to reduce the paper workload and improve operation efficacy. -
Government steering committee set up to drive Vietnam’s sci-tech, innovation development18/03/2025It is tasked with studying and proposing the Government and the PM national strategies, policies, and solutions for developing science, technology, innovation and digital transformation. Besides, it is in charge of overseeing the implementation of project No. 06 on developing the application of population data, identification, and e-authentication data, as well as administrative reform efforts. -
Innovation – breakthrough path for Vietnam’s development: experts10/03/2025Experts in Singapore believe that innovation represents a breakthrough path for Vietnam, which is advancing to the new era - that of the nation's rise. -
Decisively cutting administrative procedures to facilitate businesses’ operations06/03/2025During a recent working session with representatives of the Party Central Committee’s Commission for Policies and Strategies, Party General Secretary To Lam urged greater efforts to position Vietnam's investment environment among the top three in ASEAN within the next two to three years. -
Vietnam urged to seize digital transformation opportunities21/02/2025Experts highlighted a young population, the Government's support, and a thriving startup ecosystem are driving the country’s innovation.
