Leaders in Supply Chain and Logistics with Radu Palamariu
#20: Paul Srivorakul Co-Founder & Group CEO aCommerceJuly 20, 2018 Radu Palamariu
Paul has a global background, being born in Thailand and raised in California. Although he got a BA in anthropology at University of California Berkeley in 2000, he caught the internet bug early and got a sales job at Ask.com in the U.S. (his brother was working at Apple). They both decided to become entrepreneurs, so they quit their jobs and moved back to Thailand to look for opportunities, and decided to focused on online advertising. They used credit card debt to fund the startup Newmedia Edge, started in 2006, which went on to be acquired for about $8 million. Even while running Newmedia Edge, they started a second firm, ad network business Admax in 2007, selling it to Indian firm Komli Media in 2012 for $36 million. Paul started his third venture, Ensogo, in 2010 after seeing the Groupon phenomenon in U.S. and selling it the U.S. social media firm LivingSocial in October 2012 (for an undisclosed sum). Earlier in 2012, he had already launched Advent Capital in Thailand, to seed ecommerce firms around Southeast Asia, which sparked his idea to start aCommerce. 5 years later aCommerce is now the leading ecommerce service provider in Southeast Asia bringing brands and retailers online to reach consumers in the world's fastest growing markets in SE Asia.. And in the most recent funding round in November 2017 raised more than $65 million. Now boasting 1400 stafff across 5 countries and 9 fulfillment centers.