Efrastructure partners with Compare.asia, Pay Solution and SHIPPOP to penetrate start-up business, offering ‘one stop services e-commerce’.
Start-up business is now considering as one of the high-growth business and becoming preferably in these past years. It is currently a money-making type of business; several governments are interested in investing in this kind of field. This business has significant growth rate with sole entrepreneur or small group of people. All of these well-known firms such as Facebook, Twitter, Instagram and Apple — were all once start-up businesses.
Today, start-up business has been increasing its value in the past few years, with impressive figures in the year of 2015; 35-40 million US dollars or roughly 1,260-1,440 million baht was invested in this field. More than 20 investment deals were involved — excluding undisclosed ones. Forecasting numbers of investing value altogether was approximately 50 million US dollars or 1,800 million baht. It is also predicted that the investing value of start-up business in Southeast Asia region will be increased 1.5-2 times from last year, as well as Thailand’s rate. Furthermore, the rate of unofficial investing value in Thailand this present year might reaches 100 million US dollars or 3,000 million baht which then the figure would be risen from 70 million US dollars or 2,100 million baht.
Mr. Pawoot Pongvityapanu
CEO and Entrepreneur of Efrastructure
Mr. Pawoot Pongvityapanu, CEO and entrepreneur of efrastructure revealed that in terms of expanding its business in efrastructure group, more investment in start-up business will be required for implementing one stop services e-commerce business.
From Pay Solution — an e-commerce service provider which covers all of the payment approaches, SHIPPOP, an online shipping service that gathers logistics companies under one system, with high accessibility and varieties, to Compare.asia group, a price comparison online system. These strong acquisitions are to help strengthen efrastructure group.
These three companies are going to operate by themselves, with human recourse and finance departments supporting from efrastructure group, resulting in start-up business firms to focus exclusively on improving their own businesses.
“Technology nowadays grows particularly but we can learn from it. As the concept of start-up business is to understand the problems; what is important is to find a better solution. The meaning of ten times growth is different when apply to SME business. Developers need to know whether start-up or SME field that they belong to” said Mr. Pawoot.
Mr. Yodsan Srisuchart
CEO of Compare.Asia Group
According to Mr. Yodsan Srisuchart, CEO of Compare.Asia Group, one of the small business team offering price comparison to help shoppers finding the best price in Thailand, Start-up firm will first establish small business then strive for other ways to improve its business. With 3 principles in operating start-up company – first one is to know what is our core product(s)/service(s), number two is to know who is our target market and lastly, how can we gain revenue in doing this business. Compare.Asia is now considered as one of the popular price comparison website with its outstanding searching system, just type in any product name and the price you want through ten thousand sellers – ready to be ordered
Mr. Supachai Kanchanasakchai
Meanwhile, a CEO of Pay Solution with well-known slogan ‘Pay with ease in mind’, Mr. Supachai Kanchanasakchai stated that today, online shopping has gained popularity which encouraging the usage of credit card and online purchasing. Thai app developers, therefore, has come up with applications such as online wallet application and credit card management application to support shoppers. We are e-commerce service provider which covers every payment system, from credit card online payment system, finished online store system, accommodation booking system to donation payment system. We execute highly secure systems. This will benefit sellers, online sellers or anyone who is in the need of transportation service, to give more convenience anytime, anywhere as well as traceable system to track every single steps of shipment.
Mr. Sutthikiet Juntornchairoj
As the CEO of SHIPPOP, Mr. Sutthikiet Juntornchairoj said that SHIPPOP is a start-up company with major support from efrastructure Co., Ltd. Thailand and E-logit Co., Ltd. Japan. SHIPPOP is an online logistic company that associates transportations into one system, with the slogan “Think Shipping, Think SHIPPOP”. Firm is ready to support every dealer’s necessities with diverse offering plus traceable process.
Start-up companies in Thailand usually operate and involve around internet, which go along well with the popularity around the world — especially e-commerce business, the most popular one. Thus the assembling of efrastructure group that aim for one stop services would certainly prove the strong business plan development of the company.