Japanese e-commerce enabler AnyMind raises funding in equity, debt for acquisitions
The pandemic has triggered more demand for online shopping and fueled many smaller retailers to establish their own online offerings. Japanese commerce enabler AnyMind, which helps brands and influencers’ online operations, has closed a ¥5 billion (approximately $36 million) Series D round on the back of that boost to make additional acquisitions in Japan and globally.
The Series D funding, which brings its total funding to date to approximately $91.7 million, consists of ¥4 billion (29.4 million) in equity and ¥1 billion in debt. Investors include JIC Venture Growth Investment, Japan Post Investment, Nomura SPARX Investment, Proto Ventures and Mitsubishi UFJ Capital. Mizuho Bank provided the debt facility. The startup did not disclose its valuation.
AnyMind acquired ENGAWA, a Japan-based cross-border marketing company, in January last year with its Series C proceeds. Prior to that acquisition, AnyMind acquired six companies to acqui-hire and expand its sales channels in different regions, including POKKT, a mobile advertising platform in India; Thailand-based multi-channel network (MCN) Moindy, which helps manage video content for influencers; Acqua Media, a mobile advertising platform in Hong Kong; and LYFT, a D2C fitness brand in Japan.
Most of the acquired companies’ founders have remained in their positions in AnyMind to support the continued growth, co-founder and CEO of AnyMind Kosuke Sogo told TechCrunch. Moindy’s founder became the company’s country manager in Thailand and POKKT’s co-founders are now the company’s COO and managing director in India and the Middle East, respectively, Sogo added.
Founded in 2016 in Singapore, AnyMind expanded into Southeast Asia, East Asia, India and the Middle East through aggressive acquisitions. The startup shifted its headquarters to Tokyo, Japan in 2019 to list on the Tokyo Stock Exchange, which requires its office be based in Japan. Sogo told TechCrunch that AnyMind received approval for its IPO but scrapped it in March due to the market condition that started to deteriorate.
AnyMind offers a number of services for brands and online business operators. It launched AnyChat, a conversational commerce platform, in March, and AnyX, an e-commerce management platform, in April, which enables e-commerce operations to optimize through central management of multiple e-commerce channels. Sogo told TechCrunch that AnyX is integrated with Asian e-commerce marketplaces like Shopee, Rakuten and Lazada and global e-commerce marketplaces such as Amazon and Shopify.
Its manufacturing platform AnyFactory, connected to more than 200 manufacturers across Asia, helps anyone find the best suppliers to make their products. The company’s logistics management platform AnyLogi enables D2C and e-commerce brands with fulfillment.
Japanese e-commerce enabler AnyMind raises funding in equity, debt for acquisitions. I wish you great success in this endeavour.Shishir Gupta, Founder and CEO, StartupLanes
Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
You can subscribe to our news posts by entering your email in the box on the right side of this page.
Check out our YouTube channel for insightful content from the Indian startup ecosystem.
Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.
The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.
Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.