Lokesh Choudhary · · 2 min readAnyMind Group acquires Malaysian ecommerce enabler
Photo credit: AnyMind
Singapore-based AnyMind Group has acquired Arche Digital, a Malaysia-based ecommerce enabler. The transaction is set to complete by June 2024 at an acquisition cost of US$1.5 million, AnyMind said in a statement.
This marks AnyMind’s second acquisition of an ecommerce enabler in the past 12 months, having bought Digital Distribusi Indonesia in May last year. The Singapore-based firm has made seven other acquisitions: four businesses in Japan and one each in India, Thailand, and Hong Kong.
Founded in 2015, Arche Digital provides end-to-end solutions to help businesses enter online marketplaces like Shopee and Lazada. According to its website, Arche Digital’s customers operate in industries like health and beauty, groceries, and electronics.
The acquisition lets AnyMind expand its business process-as-a-service offering in Malaysia, combining Arche Digital’s operational expertise with AnyMind’s software solutions.
“When considering M&A opportunities, we evaluate the management team’s capability for leading the business in the medium to long term, and cultural fit, as well as synergy with our existing business,” said Kosuke Sogo, AnyMind’s co-founder and CEO.
After a brief delay due to market risks, AnyMind went public on the Tokyo Stock Exchange Growth Market in March 2023. Prior to listing, the company secured a total of US$91.7 million in disclosed funding from investors including JAFCO Asia, Line, and Mitsubishi UFJ Capital.
See also: Tokyo-listed AnyMind eyes 16x profit in 2023 as more seek online selling tools
Editing by Putra Muskita and Lorenzo Kyle Subido
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
