(NewsDirect)
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SoPa acquires Mangan.ph (“Mangan”), theleading local restaurant delivery service inPhilippines
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Mangan.phrepresents SoPa’s second acquisition in Philippines and its thirdoverall F&B acquisition as SoPa continues to expand its digitalecosystem throughout Southeast Asia (“SEA”)
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SoPa creates a one stop food deliverysolution in Philippines with both its grocery delivery service,Pushkart, and restaurant delivery service, Mangan
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Since its launch in December 2017, Manganhas onboarded over 500,000 registered consumers, over 80,000 socialmedia followers, and over 1,200 registered restaurants as well asgenerating over 100,000 mobile app downloads onto its platform.Leveraging its +200 rider/driver network, Mangan completes over 800food deliveries per day
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Withthis acquisition, SoPa has now amassed over 2.1 million registeredconsumers and over 6,700 registered merchants/brands onto itsecosystem
Singapore, 20 July 2022 – Society Pass Incorporated(“SoPa” or “Society Pass”) (NASDAQ: SOPA), Southeast Asia’sleading data-driven loyalty platform, today announces the acquisitionof Mangan.ph (“Mangan”), the leading local restaurant delivery service inPhilippines. Founded in 2017, Mangan delivers restaurant food fromover 1,200 partner restaurants through its over 200 rider network toits over 500,000 registered users. Thus far, Mangan has generated morethan 100,000 mobile app downloads and accumulated over 80,000 socialmedia followers.
Operating in Pampanga, the culinary capital of Philippines,Mangan’s geographic reach extends to 16 other cities includingAngeles City, San Fernando, Clark, Dau, Mabalacat, Guagua, Lubao,Tarlac, Bataan, Magalang, Pasig, Cabanatuan, Baguio, Lipa Batangas,Antipolo City, Dagupan City. The newly acquired business will beintegrated into SoPa’s F&B vertical, Push Delivery Pte Ltd,along with Pushkart and #HOTTAB. ??
Despite the recent re-opening of the economyand the easing of multiple restrictions, online home food orderingremains the new normal in Philippines, similar to trends in otherparts of the world. The convenience of ordering-in coupled with thework-from-home set-up and continued preference to avoid crowdsencourage patrons to order as often as they did during the past twoyears.
SocietyPass Philippines Country Manager, Arbie Pagdangan explains, “Weenthusiastically welcome Mangan into SoPa’s growing loyalty and dataecosystem. We combine the robust technology and operational efficiencyof Mangan with our own brand building expertise. Combined withPushkart, which delivers grocery food to consumers in Metro Manila,and Mangan’s operating focus in the provinces, SoPa is creating afood delivery behemoth to serve the 115 million people of Philippines.SoPa aims to double the number of registered users to over 800,000 anddrive app downloads to over 200,000 by the end of 2023. We lookforward to building out our next generation loyalty platform as wellas opportunistically acquire market leading companies in F&B,lifestyle, digital advertising and travel verticals in Philippines forthe rest of 2022.”
Ralph Rile, Co-Founder and Chief Executive Officer of Manganasserts, “When we started Mangan five years ago, our vision was todeliver delicious dishes from Pampanga's wide array of cafes andrestaurants right to our customer’s doorsteps in a hassle-free way.We have witnessed tremendous success in our initial goals, and now,aim to expand Mangan beyond Luzon Island to other regions inPhilippines. This is why joining forces with SoPa is our logical nextstep, and we are excited about the combined capabilities we will nowbring to Mangan’s partners and customers.”
Louie AlcantaraCo-Founder and Chief Technology Officer of Mangan expounds, “In ashort span of time, with our easy-to-use technology interface, Manganhas established a reputation of being the top online local fooddelivery service, achieving over US$2 million in gross merchandisevalue yearly. Leveraging SoPa’s marketing platform and capital, weaim to increase GMV multiple fold by the end of 2022.”
About SocietyPass
As aloyalty and data marketing ecosystem in Singapore, Vietnam,Philippines, and Thailand and with offices located in Singapore,Hanoi, Ho Chi Minh City, Manila, Angeles and Bangkok, SoPa is anacquisition-focused e-commerce holding company operating 7interconnected verticals (loyalty, merchant software, lifestyle,F&B, telecoms, digital media, and travel), which seamlesslyconnects millions of consumers and thousands of merchants acrossmultiple product and service categories throughout SEA.
SoPa’s business modelfocuses on analysing user data through its Society Pass loyaltyplatform and circulation of its universal loyalty points or SocietyPoints. The Society Pass loyalty platform drives customer acquisitionand retention for merchants. Since its inception, SoPa has amassedover 2.1 million registered consumers and over 6,700 registeredmerchants/brands on its platform. It has invested 2+ years buildingproprietary IT architecture with cutting edge components toeffectively scale and support its consumers, merchants, andacquisitions.
Society Pass leverages technology to tailor a more personalisedexperience for customers in the purchase journey and to transform theentire retail value chain in Southeast Asia. SoPa operates #HOTTAB Biz and #HOTTAB POS – a Vietnam-based POS,CRM and analytics technology solutions provider for small andmedium-sized enterprises, Leflair.com , Vietnam’s leadinglifestyle e-commerce platform, Pushkart.ph , a populargrocery delivery company in Philippines, Handycart.vn , a leadingonline restaurant delivery service based in Vietnam, Gorilla Networks , aSingapore-based, web3-enabled mobile blockchain network operator, and Thoughtful MediaGroup , a Bangkok-based, a social commerce-focused, premiumdigital video multi-platform network.
For more information, please check out: http://thesocietypass.com/ .
MediaContacts:
PRecious Communications
sopa@preciouscomms.com
As a loyalty and data marketingecosystem, Society Pass operates multiple e-commerce platforms acrossits key markets in SEA. Its business model focuses on analysing userdata through the expected launch of its Society Pass loyalty platformand circulation of its universal loyalty points, which seamlesslyconnects consumers and merchants across multiple product and servicecategories to foster organic loyalty. Since its inception, SoPa hasamassed over 1.6 million registered consumers and over 5,500registered merchants/brands on its platform. It has invested 2+ yearsbuilding proprietary IT architecture with cutting edge components toeffectively scale and support its consumers, merchants, andacquisitions.Society Pass provides merchants with #HOTTAB Biz and#HOTTAB POS – a specialized POS technology solution, a comprehensivesystem for payment, loyal customer management, user profile analytics,and convenient financial support packages for small and medium-sizedenterprises.In addition, SoPa operates Leflair.com , Vietnam’sleading lifestyle e-commerce platform, Pushkart.ph , a popular grocerydelivery company in Philippines, Handycart.vn , a leading onlinerestaurant delivery service based in Hanoi, Vietnam, and GorillaNetworks , a Singapore-based, blockchain/web3-enabled mobile virtualnetwork operator.For more information, please check out:http://thesocietypass.com/ .
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