Rocket Equities advises Onpoint, Vietnam’s largest e-commerce enabler, on its US$50M Series B round led by Temasek’s Seatown Holdings.
Rocket Equities has been the exclusive financial advisor to the Philippines’ largest e-commerce enabler, Great Deals E-commerce Corp. (GDEC), through its Series A & B.
Rocket Equities is pleased to announce that it has acted as exclusive financial advisor to OnPoint, Vietnam’s leading E-commerce enabler, on its US$50 million Series B round led by Seatown Holdings International, an indirectly wholly owned subsidiary of Temasek. It is the largest private investment in the SEA e-commerce enabler industry in the last five years.
This transaction exemplifies Rocket Equities’ commitment to helping its clients achieve market leadership and crystallizes its position as a market-leading financial advisor on private capital financings in Southeast Asia.
Tran Vu Quang, Founder & CEO at OnPoint, shared: “We pioneered in building SEA’s number one e-commerce enabling solutions to connect brands, platforms, logistics partners, and shoppers. SeaTown is a valuable partner for us, given its long-term vision and wealth of experience in the global digital economy.”
Previously, Rocket Equities acted as the exclusive financial advisor to the Philippines’ Great Deals E-commerce Corp (GDEC) on both its US$12M Series A in 2020 and US$30M Series B in 2021, which led GDEC to become the Philippines’ leading E-Commerce enabler and be recognized as the fastest growing company in the Asia Pacific by the Financial Times in 2022.
Dhaiya added “The E-commerce enabler market in Southeast Asia is likely to consolidate in the coming years. Our experience working with leading enablers positions our firm as the trusted advisor to enablers contemplating this consolidation play”
About Rocket Equities
Rocket Equities is a Southeast Asia-focused financial advisory firm. We work with market leaders to raise capital via debt & equity markets, enable market expansion through M&A, and create a lucrative exit for founders by leveraging our network of 300+ professional investors composed of Venture Capital, Private Equity, Corporates, and Sovereign Wealth Funds in APAC.
OnPoint client portfolio includes more than 150 brands from numerous categories such as health & beauty, fashion,mother & babies, electronics/home appliances, pharmaceuticals, digital products, FMCG, pet food, among others.
SeaTown Holdings International is a Singapore-based investment manager focused on alternative, absolute return strategies. With over US$6bn of assets under management, SeaTown manages multi-asset and public credit strategies through open-end funds as well as private investments strategies in closed-end funds. SeaTown is a wholly-owned subsidiary of Seviora Holdings, and indirectly owned by Temasek Holdings.
Rocket Equities advises Great Deals, an e-commerce juggernaut to raise US$ 30 million from Fast Group, CVC Capital, and Navegar.