After acquiring Handycart Vietnam, SoPa identified adding value to its ecosystem and welcoming new opportunities for faster growth in the food and beverages (F&B) field as the main goals when implementing the deal. VIR’s Bao Giang talked with Ngo Thi Cham, CEO of SoPa Vietnam, about the company’s plans after the recent acquisition.
Following the IPO, how will SoPa accelerate the expansion of its ecosystem?
|Ngo Thi Cham, CEO of SoPa Vietnam|
Thanks to the official IPO and listing on Nasdaq, we expect to collect about $26 million to reinvest in SoPa’s ecosystem, with a business investment strategy and expansion into other countries in Southeast Asia this year. The newly created capital will be used to create points of mutual support and an experienced management team to help both companies expand more quickly and improve their quality of service.
With the funds raised from the IPO, we have a plan to expand our platform through the acquisition of e-commerce and mobile application companies in the region. Rapid growth in Vietnam, The Philippines, and Indonesia is being focused on, as well as other new markets such as India and Bangladesh.