N-Squared Ecommerce, a leading provider of full-service e-commerce distribution and services. Aiming to achieve sales of 10 billion baht by 2024, moving forward with announcing business development plans with 4 new strategies, expanding e-commerce solutions, and building a Digital Brand Factory in the country. Raise a strategy to reach new consumers. Expanding sales channels on Facebook, TikTok and LINE, strengthening businesses to respond to the world’s growing e-commerce trends to the maximum.
After raising more than 450 million baht in Series A funding in 2020, N-Squared Ecommerce, a leader in e-commerce solutions. which has established business in Thailand for more than 6 years and has expanded its business in Southeast Asia in 5 countries namely Singapore, Malaysia, Philippines, Indonesia and Vietnam.
Recently, N-Square has revealed the number of growth in 2021 with total sales of 3.5 billion baht and a five-year average growth rate of up to 61% (CAGR), including a total product sales of 6.6 million pieces.
Mr. Nattapon Boonpinon, Managing Director of N-Square E-commerce Company Limited, said that our mission is important. is driving N-Square to become the No. 1 partner-trusted e-commerce solution provider in Southeast Asia. Ready to become a leader in Digital Brand Factory in order to grow the market value of products (GDP) from online channels in Southeast Asia. through e-commerce expertise Integrated software and services
“After the epidemic situation Causing an event known as Covidruption, we can see that e-commerce businesses especially in Thailand, it has clearly grown. This exponential growth is in line with Statista’s forecast that Thailand’s e-commerce business will grow 2x in 2025. Therefore, we have adjusted our strategy to support the growth of this business. ready to respond to trends and consumer behaviors.”
N-Square E-commerce has launched four strategies to achieve sales of 10 billion baht by 2024.
- Expanding a full range of e-commerce services that meet every customer’s needs At present, N Square Has managed more than 100 leading brands such as Singha, Shell, Tefal, Asus, HP, Samsung, Dtac, Royal Canin, Philips Lighting, Canon and others.
N-Square aims to develop integrated e-commerce to attract new customers and increase sales to existing customers. Through various strategies such as marketing and advertising strategies to achieve maximum efficiency and convert to purchases. through in-depth analysis using various technologies To manage data (Business Intelligence) and to increase integration with influencer networks and live sales to encourage purchasing decisions.
In addition to back-end technology, N-Square has launched Chatpify, an enterprise-class Chat and Shop software that covers both Marketplace and Social Media for quick response and customer care. including managing the back-office system to close the sale more easily, along with Bluedock, a comprehensive management software Fulfillment Center to meet the organization that needs to manage warehouses and packing products
• Build a Digital Brand Factory in the country and expand into the global market. by N-Square Seeing the opportunity to grow the trend in such business, it aims to increase the potential of existing house brands such as HomeHuk and XtivePRO, as well as increase product variety through the creation of new brands such as WOMANKYND, a women’s health apparel brand, and ERGONOMATE, a chair brand for health chairs. and many other brands both in Thailand and in the world market
• To be the No. 1 integrated e-commerce that has been trusted by international partners. Currently, besides Thailand, N-Square e-commerce has expanded its business to Malaysia, Singapore, Philippines, Indonesia and Vietnam, which has business growth value. In 2021, it will reach 1 billion baht to increase its potential and become a leader in e-commerce in Southeast Asia.
• Expand sales channels for customers on Facebook, TikTok, LINE and Brand.com to meet current consumer trends. To build relationships with brands and generate sales with customers directly through their social media channels and reach customers outside the Marketplace.
