30/08/2026
Thailand-based beauty ecommerce platform Konvy is betting that Southeast Asia’s beauty shoppers want more than just another marketplace.
The company recently raised US$22 million in Series B funding and is expanding beyond Thailand into Malaysia and the Philippines.
In 2025, Konvy’s Thailand business generated US$79.4 million in revenue, up 15% year on year, and recorded a net profit of US$1.7 million.
Its strategy combines ecommerce, physical stores, curated beauty brands, exclusive distribution deals, and its own private-label products.
Konvy believes this could give it an
edge as merchants face rising costs on major ecommerce platforms like Shopee, while consumers continue to look for trusted and authentic beauty products.
But the competition is fierce, from Watsons and Guardian to TikTok Shop and regional players like Indonesia’s Sociolla.
Article credit to Tech in Asia
After a decade as an ecommerce player, Konvy is setting its sights on opening offline stores, and it’s eyeing a 30% revenue growth by year-end.