{"id":74307,"date":"2022-08-23T16:37:51","date_gmt":"2022-08-23T09:37:51","guid":{"rendered":"http:\/\/www.thestorythailand.com\/?p=74307"},"modified":"2022-08-23T16:38:00","modified_gmt":"2022-08-23T09:38:00","slug":"or-invests-usd-4-million-in-gowabi-no-1-spa-beauty-platform-in-thailand","status":"publish","type":"post","link":"https:\/\/www.thestorythailand.com\/en\/or-invests-usd-4-million-in-gowabi-no-1-spa-beauty-platform-in-thailand\/","title":{"rendered":"OR invests USD 4 million in GoWabi, No.1 spa &#038; beauty platform in Thailand"},"content":{"rendered":"\n<p>OR invests\u00a0USD\u00a04\u00a0million in GoWabi in Series A Plus round, marking its entrance into the health and wellness industry to comprehensively meet all lifestyle needs\u00a0(One-Stop Solution for All Lifestyle)\u00a0in parallel with the latest consumer behavior trends and needs.<\/p>\n\n\n\n<p><strong>Rajsuda Rungsiyakull, Senior Executive Vice President, ORion Project, PTT Oil and Retail Business Public Company Limited<\/strong>&nbsp;<strong>(OR),&nbsp;<\/strong>together with<strong>&nbsp;GoWabi&nbsp;(Thailand)&nbsp;Co., Ltd.&nbsp;<\/strong>by<strong>&nbsp; Samir Cherro, CEO &amp; Co-Founder, Vadim Eremeev, CTO &amp; Co-Founder,&nbsp;<\/strong>and&nbsp;<strong>Wipawee Wongsirisak<\/strong>,&nbsp;<strong>CCO &amp; Co-Founder,<\/strong>&nbsp;jointly signed an investment agreement executed between Modulus Ventures Company Limited, or Modulus, a subsidiary of OR, and GoWabi&nbsp;(Thailand)&nbsp;Company Limited, an operator of a digital platform that connects consumers to health and beauty services, for which users can discover, search and read real-user reviews before buying an e-Voucher, or booking a service online.<\/p>\n\n\n\n<p><strong>Rajsuda\u00a0<\/strong>reveals that OR aims to\u00a0strategically build a new business by leveraging its existing assets and offerings with a focus on creating a seamless experience for consumers by connecting offline businesses to online\u00a0(Offline-to-Online:\u00a0O2O)\u00a0and enhancing OR\u2019s potential to meet the needs of modern consumers.\u00a0Wellness is one of the industries that OR has been interested in due to its market value and high growth rate.\u00a0Moreover, the market also clearly reflects the future trends of consumer behavior and consumer demand.\u00a0<\/p>\n\n\n\n<p>GoWabi is recognized as No.&nbsp;1&nbsp;most used platform among those that provide search and reservation features for beauty and health-related services with over&nbsp;500,000&nbsp;monthly active users&nbsp;(MAU)&nbsp;and more than&nbsp;5,000&nbsp;merchants across the platform.&nbsp;<\/p>\n\n\n\n<p>The collaboration between GoWabi and OR will present&nbsp;more growth opportunities to SMEs and wellness service providers, which are the majority of GoWabi partners, in line with OR&#8217;s vision&nbsp;\u201cEmpowering All toward Inclusive Growth\u201d.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"524\" src=\"https:\/\/www.thestorythailand.com\/wp-content\/uploads\/2022\/08\/Gowabi.jpg\" alt=\"\" class=\"wp-image-74309\" srcset=\"https:\/\/www.thestorythailand.com\/wp-content\/uploads\/2022\/08\/Gowabi.jpg 700w, https:\/\/www.thestorythailand.com\/wp-content\/uploads\/2022\/08\/Gowabi-300x225.jpg 300w, https:\/\/www.thestorythailand.com\/wp-content\/uploads\/2022\/08\/Gowabi-150x112.jpg 150w, https:\/\/www.thestorythailand.com\/wp-content\/uploads\/2022\/08\/Gowabi-696x521.jpg 696w, https:\/\/www.thestorythailand.com\/wp-content\/uploads\/2022\/08\/Gowabi-561x420.jpg 561w, https:\/\/www.thestorythailand.com\/wp-content\/uploads\/2022\/08\/Gowabi-80x60.jpg 80w, https:\/\/www.thestorythailand.com\/wp-content\/uploads\/2022\/08\/Gowabi-265x198.jpg 265w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/figure><\/div>\n\n\n\n<p><strong>Samir Cherro&nbsp;<\/strong>reveals that GoWabi is determined to be the No. 1&nbsp;booking platform for beauty services in Southeast Asia.&nbsp;Currently, GoWabi extends its services to a wide range of categories, among which include beauty clinics, massage and spas, hair salons, eyebrow and eyelash extension salons, nail salons, hair removal salons, dental clinics, etc.,&nbsp;with more services added during the past years including&nbsp;medical services, fitness vouchers, beauty products, pet services and at-home delivery available, allowing GoWabi to continue to&nbsp;serve even during the lockdowns.&nbsp;<\/p>\n\n\n\n<p>GoWabi has planned to expand its business to more cities in Thailand as well as&nbsp;other countries in Southeast Asia, while continuing to add more service category and onboard new merchants to meet consumer needs.&nbsp;It also plans to launch a POS system and other related&nbsp;services to facilitate convenient sales management for all merchants.&nbsp;<\/p>\n\n\n\n<p>The investment by OR is considered to be a jumpstart for the development of business cooperation between OR and GoWabi, in which many synergies can be expected across OR&#8217;s offline and online platform network, as well as the growth of GoWabi&#8217;s online platform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OR invests USD 4 million in GoWabi in Series A Plus round, marking its entrance into the health and wellness industry to comprehensively meet all lifestyle needs<\/p>\n","protected":false},"author":8,"featured_media":74312,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[117,13938],"tags":[11821,14406,14407,14408],"class_list":["post-74307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-en","category-business-strategy","tag-or-2","tag-gowabi-2","tag-beauty-platform","tag-health-and-wellness-industry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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