"The Series A fundraising will surely strengthen our startup. The funding will help us improve our distribution channels, broaden our client base, and essentially enhance our technology development which will lower our operating cost and speed up our production process," said Mr. Patompong Deepanya, co-founder and CEO of Dezpax.
The funding and partnership from the investors would allow all food and beverage (F&B) providers under the PTTOR (OR) and other food operators to access Dezpax top-notch customized packaging services, said Mr. Deepanya. "This is the stepping stone for us to become the leading packaging service provider for O2O channel (O2O) in the near future."
A larger client base would allow Dezpax to expand its services to include eco-friendly packaging products, such as biodegradable or recyclable packaging. This expansion would cultivate the ecosystem of local packaging players and groom them for the global market, he added.
"Our investment in Dezpax will fulfill the F&B portfolio of OR," said Ms. Rajsuda Rungsiyakull, Senior Executive Vice President assigned as ORion Project Director.
The partnership with Dezpax would contribute to research and development of packaging for restaurants under the umbrella of OR and for products under PTT Thai Det project. OR was proud to provide its SME operators with modern-looking and high-quality packages at reasonable costs.
"Essentially, the eco-friendly products of Dezpax also strongly align with our New Strategic Framework on environmental responsibility," she reiterated.
Orzon Ventures is the venture capital fund of OR. It is looking to invest in promising startup companies and extends its mobility and lifestyle businesses. The fund aims to uplift startup ecosystems and empower new businesses to enjoy inclusive growth with OR.
"Indeed, Dezpax business strategy and vision resonate with our directions. Our involvement in Dezpax will advance our own core business on label and packaging solutions," Mr. Jutiphan Mongkolsuthree, CEO of Next Ventures, a corporate venture capital of T.K.S Technologies (TKS).
"As a tech ecosystem builder, Next Ventures aims to invest in tech startups with high growth potentials such as e-commerce, warehouse & fulfillment and digital transformation. We expand our scope to packaging sector which enjoys exponential growth due to the rise of e-commerce. We hope to leverage our strength, our subsidiaries and alliances to elevate the expansion of Thai startups in the long run," Mr. Mongkolsuthree added. He is also the CEO of TKS, a SET-listed office supplies and packing service provider.
Incubated from Zero to One by SCG in 2018, Dezpax offers comprehensive food packaging solutions for restaurants and F&B outlets of all sizes. It turns into a dependent startup in 2021.
Dezpax helps small operators add value to their products with customized, unique and appealing packages. Orders can be made in small quantities via online platform with prices automatically generated upon confirming the quantity.
Dezpax enjoys its constant growth thanks to the proliferation of food delivery in Thailand. At present, the startup has made packaging easy for more than 5,000 clients country-wide. In addition to small and medium food operators, the company also serves key F&B chains including Cafe Amazon, CRG, CPF, Sizzler, Swensen's and See Fah.
Source: PTT Oil and Retail Business Public Company Limited
