Hanoi, Feb. 27, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Society Pass Incorporated (SoPa) (Nasdaq: “SOPA”), a leading Southeast Asian data-driven loyalty platform today, announced that it has acquired Dream Space Trading Company Limited (“Dream Space”), the operator of Handycart, a leading online grocery delivery service based in Hanoi, Vietnam. The newly acquired company will be integrated into SoPa’s F&B delivery vertical with SoPa’s existing merchant software platform #HOTTAB. Handycart founder and CEO, Seo Jun Ho, has been named Head of the new Business Unit managing both Handycart and #HOTTAB in Vietnam.
Founded in 2019, Handycart is an online grocery delivery app with its own fleet of delivery vehicles that focuses on servicing the Korean restaurant market and F&B sector in Hanoi. Korean food and pop culture have taken Vietnam by storm, driven by the growing “Korean Wave”; a recent survey by market research firm Q&Me found that 58 percent of Vietnamese favor Korean cuisine.