NRF earmarks B2bn for e-commerce venturesMr Dan said the company is likely to settle 2-3 deals to acquire startups or SMEs in the rest of the year. SET-listed NR Instant Produce Plc (NRF), the producer and distributor of food from plant protein, plans to invest 2 billion baht in the e-commerce business in 2021-2022 in a move to boost sales to 5 billion baht in 2023. With WellPath and new e-commerce deals, NRF will extend its e-commerce business by importing products to sell in Thailand and the Asean market via e-commerce platforms. Boosted by new acquisitions, the company recently revised its revenue target to 5 billion baht within 2023, from 3 billion baht earlier projected. Of the total, 50% revenue will come from e-commerce business, with 20% from plant-based products and the rest from others including functional hemp products.

Source: Bangkok Post August 16, 2021 23:26 UTC