Japanese e-commerce enabler AnyMind raises funding in equity, debt for acquisitions

Smaller retailers have been encouraged to establish their own online offerings because of the Pandemic. A 5 billion Series D round has been closed by AnyMind, which will be used to make additional acquisitions in Japan and globally.

The Series D funding includes 4 billion in equity and 1 billion in debt. Japan Post Investment is one of the investors. The startup didn't reveal its value.

ENGAWA, a Japan-based cross-border marketing company, was acquired by AnyMind. POKKT, a mobile advertising platform in India, is one of the companies that AnyMind acquired prior to that acquisition.

Kosuke Sogo, co-founder and CEO of AnyMind, said that most of the acquired companies' founders have stayed in their positions. Moindy's founder became the company's country manager in Thailand and POKKT's co-founder are now the company's COO and managing director in India and the Middle East.

AnyMind grew into Southeast Asia, East Asia, India and the Middle East through acquisitions. In order to be listed on the Tokyo Stock Exchange, the startup moved its headquarters to Tokyo. According to Sogo, AnyMind got approval for its IPO but scrapped it in March because of the market condition.

AnyMind has a number of services for businesses. AnyX, an e-commerce management platform, was launched in April, and AnyChat, a commerce platform, was launched in March. According to Sogo, AnyX is integrated with a number of e- commerce marketplaces.

Anyone can find the best suppliers to make their products on the AnyFactory platform. AnyLogi allows D2C and e- commerce brands to fulfill.

More than 1,000 brands, including TikTok, Canon and Traveloka, are currently powered by the company. More than 1,400 creators work with it to grow their own brands.

Sogo said that many of their customers chose them because they could tap on Asia as a whole.

The company says it made $174 million. AnyMind has 17 offices with more than 1,000 employees.

Sogo said that they have still been able to achieve solid growth despite the issues. We are seeing economies across Asia, including our operating markets of ASEAN and India, quickly regaining growth momentum.