Thailand’s Pomelo Seeks Funding for Global Push

The Bangkok-based fashion e-commerce start-up is considering raising funds via a Series D round or a listing on the Stock Exchange of Thailand (SET) to power expansion plans, Bangkok Post reports.

Since launching in 2013, Pomelo has grown its primarily digital, own-brand business into a multi-brand omnichannel retailer with 25 stores in top Southeast Asian hubs like Bangkok, Jakarta and Singapore; it aims to operate 40 stores across the region by 2023.

The firm, which raised $19 million in 2017 in a round led by China’s JD.com, raised another $52 million in 2019 from the likes of Thailand’s retail giant Central Group. Just this month, it launched Prism, an end-to-end brand solutions platform aimed at helping businesses in the region tackle areas…