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Switzerland-based market expansion firm DKSH made an undisclosed strategic investment in aCommerce in December, which TechCrunch understands was worth between $20-$20-$25 million
aCommerce, the Bangkok-based e-commerce enabler that covers Southeast Asia, is closing out the year with a strategic funding deal after it announced that DKSH, a Switzerland-based market expansion firm focused on Asia, bought a 20percentt stake for an undisclosed sum.
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Although energy prices have risen further, the expansion remains firm and labor market conditions continue to improve gradually.
After years of rapid expansion the firm had left investors wondering if it had reached its limits.
"People realize that Mexico is less developed in the Internet space and that raising follow-on capital is even harder," said Jose Marin, a partner at the IG Expansion investment firm in Madrid and a host of the Founders Forum meeting.
In terms of expansion, the firm plans to scale out additional investments in marketplaces.
In property expansion, the firm teamed up in December with SET-listed developer Sansiri to build condo towers along mass transit stations.
Beyond vertical expansion, the firm may also seek opportunities in new geographies — it invested alongside Go-Jek in Bangladesh-based on-demand service Pathao, for example.
In order to raise capital for this expansion, the firm became a public company in 1889, and Horace Brown was created joint managing director alongside William Posnette Manners.
After a decade of rapid expansion, Chinese firms are now responsible for half of global production.
Next came a global expansion as firms started building "development centres" in third-world countries, and creating a "global delivery" model.
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