Leading food packaging solutions provider Dezpax secured Series A funding from ORZON Ventures and Next Ventures and is ready to chart its course into the fast-growing sector with its end-to-end services.
“The Series A fundraising will surely strengthen our startup,” said Mr. Patompong Deepanya, co-founder and CEO of Dezpax. “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.”
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 customised packaging services.
“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, Mr. Patompong added.
“Our investment in Dezpax will fulfil 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’s business strategy and vision resonate with our directions,” Mr. Jutiphan Mongkolsuthree, CEO of Next Ventures, a corporate venture capital of T.K.S Technologies (TKS), commented. “Our involvement in Dezpax will advance our own core business on label and packaging solutions.”
“As a tech ecosystem builder, Next Ventures aims to invest in tech startups with high growth potential such as e-commerce, warehouse and fulfilment and digital transformation,” Mr Jutiphan continued. “We expand our scope to the 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. Jutiphan 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 transitioned into a dependent startup in 2021.
Dezpax helps small operators add value to their products with customised, 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. The startup has made packaging easy for more than 5,000 clients country-wide. Besides small and medium food operators, the company also serves key F&B chains including Café Amazon, CRG, CPF, Sizzler, Swensen’s and See Fah.