Society Pass Inc. (Nasdaq: SOPA), a leading Southeast Asian data-driven loyalty platform, announced Tuesday the acquisition of Pushkart.ph a leading online grocery delivery service in Philippines.
SoPa said in a statement the acquisition will speed up the company’s expansion into the Philippine logistics space, which has accelerated exponentially during the pandemic.
“We are excited to combine the robust technology, retail and operational prowess of a high-performance brand like Pushkart.ph with our brand building experience. As the Philippine consumer faces tremendous challenges with traditional brick and mortar shopping due to a plethora of hurdles including excessive wait times in traffic/public transport, SoPa aims to provide viable solutions by providing impetus to the growing e-commerce industry in the country,” said SoPa founder and chief executive officer Dennis Nguyen.
He said the Philippines is a cornerstone of SoPa’s VIP—Vietnam, Indonesia and Philippines—acquisition strategy and “given the immense potential of the Philippines, we are excited to acquire a number of market leading companies in Philippines over the next few months.” Othel V. Campos
