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Research from e27

e27 is Asia's largest Tech media platform. We cover the latest news on emerging and disruptive businesses across the region.

Private Capital Markets

<ul><li>Coolmate says it has tripled its revenue over the past year and is on track to hit the US$19 million revenue milestone in 2022.</li><li>As Vietnam’s e-commerce is expanding quickly and the country’s robust textile and garment industries are transforming through more consolidated value chains, Coolmate will utilise the new capital to achieve its 2022 sales target and plan for an IPO in 2025.</li><li>Founded in early 2019, Coolmate employs the D2C e-commerce model (providing products directly through online channels) to cut the distribution costs in traditional retail.</li></ul>

Coolmate says it has tripled its revenue over the past year and is on track to hit the US$19 million revenue milestone in 2022.As Vietnam’s e-commerce is expanding quickly and the country’s robust textile and garment industries are transforming through more consolidated value chains, Coolmate will utilise the new capital to achieve its 2022 sales target and plan for an IPO in 2025.Founded in early 2019, Coolmate employs the D2C e-commerce model (providing products directly through online channels) to cut the distribution costs in traditional retail.

Vietnamese D2C Apparel E-Commerce Startup Coolmate Banks US$2.3M, Plans IPO in 2025

Vietnam

Coolmate Co Ltd operates as an apparel store. The Company offers shirts, boxer, panties, socks, and masks. Coolmate serves clients in Vietnam.