Thailand based beauty and personal care platform Konvy has raised US$22 million in its Series B funding round. The investment was led by Cool Japan Fund Inc, with participation from existing investor Insignia Ventures Partners.
This comes two years after Konvy raised US$11 million in an extended Series A funding round in 2024 from investors including New Day Ventures Limited, Alibaba International Digital Commerce Group, and Insignia Ventures Partners.
Earlier, in 2022, Konvy had also raised $10 million in a Series A funding round led entirely by Insignia Ventures Partners.
Konvy has become one of the leading beauty and personal care platforms in Thailand. The company has a strong presence across online shopping, marketplaces, social commerce, and offline retail stores.
Konvy offers more than 20,000 products from over 1,000 brands, making it one of the most recognized beauty platforms in the country.
The company is now expanding into the Philippines and Malaysia using its omnichannel business model, which combines marketplaces, social commerce, and local marketing. Konvy sees strong growth opportunities in these markets as more middle-class consumers are looking for high-quality beauty products.
“Closing our Series B marks an important milestone for Konvy,” said Qinggui Huang, Group CEO of Konvy. “We have built a strong leadership position in Thailand, and we are now focused on scaling that success across Southeast Asia. With CJF as our lead partner, we are uniquely positioned to bring high-quality Japanese brands to the region while continuing to grow our own portfolio of private label products.”
Founded in 2011, Konvy is a major beauty and personal care products company in Southeast Asia. It sells and distributes products across countries like Thailand, Malaysia, and the Philippines.
The company operates through its own online platform, popular marketplaces, social commerce channels, and physical retail stores.
Read More- Mekr Technologies raises $7 million in round led by Avaana Capital
