-Next Steps Include Boxed Implementations to Power AEON Mall Tenants’ E-commerce Operations
-Boxed moving to Expand into Additional International Markets
Boxed , an e-commerce grocery platform selling bulk consumables to households and businesses, and AEON CO (“AEON”), one of the largest retailers in Asia, announced the launch of its end-to-end software and services platform in the Malaysian market with myAEON2go.
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AEON will use Boxed’s proprietary e-commerce technology to power myAEON2go at over 40 locations for both in-store pick-up or on-demand grocery delivery. The solution includes an e-commerce storefront website and mobile app, as well as proprietary inventory-picking software, allowing AEON customers the flexibility to shop for AEON products however they choose, whether picked up in-store, or delivered directly to their doorstep. In addition, the Boxed e-commerce technology will be deployed to the tenants of all AEON’s malls to power their e-commerce operations.
Shafie Shamsuddin, AEON’s Managing Director/Chief Executive Officer, “We are very pleased with our new Boxed platform, myAEON2go, which is transforming our e-commerce operations for the better, even in the midst of the COVID-19 pandemic. myAEON2go has the potential to allow us to increase efficiency and pilot innovative ways to achieve a profitable, scalable and sustainable online business while delivering a seamless omnichannel experience to our customers. Furthermore, we are excited for the Boxed solution to be the engine of our new marketplace platform for the tenants of our 28 malls across Malaysia, which is expected to be launched by the end of this year.”
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“We are thrilled about the opportunity to implement our software and services technology and partner with a company like AEON, one of the largest and most sophisticated retailers in the world,” said Chieh Huang, CEO of Boxed. “Launching our partnership within six months and on budget with AEON demonstrates the speed and efficiency with which we can deploy our proprietary systems, even in larger implementations. We are aggressively pursuing additional expansion in international markets and expect to make announcements before the end of the year.”
On July 20, 2021, Boxed and Seven Oaks Acquisition Corp. (“Seven Oaks” or “SVOK”) (Nasdaq: SVOK, SVOKU, SVOKW), a publicly-traded special purpose acquisition company, announced that Seven Oaks had filed with the U.S. Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 (the “Registration Statement”) in connection with its proposed business combination with Boxed that would result in Boxed becoming a public company upon the closing of the transaction. Boxed also announced its intention to list on the New York Stock Exchange (“NYSE”) upon the closing of the business combination, which is expected in the fourth quarter of 2021. The combined company will be called Boxed, Inc. and its common stock and warrants are expected to list on the NYSE under the new ticker symbols “BOXD” and “BOXD WS”, respectively.
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