ONIGO and SO-TWO Forge Strong Capital and Business Partnership

ONIGO and SO-TWO: A Strategic Partnership

ONIGO, headquartered in Setagaya, Tokyo, led by CEO Naoya Umekita, has recently announced a significant capital and business partnership with SO-TWO, a company renowned for its multifaceted investment experience and business development capabilities, headquartered in Shibuya, Tokyo.

Background and Objectives of the Partnership

ONIGO has been thriving in the quick commerce sector, leveraging its self-developed technological foundation to offer innovative services. This partnership is aimed at reinforcing its management basis and propelling long-term business growth.

In this arrangement, ONIGO will acquire 33.3% of the shares of ESCom, a wholly-owned subsidiary of SO-TWO that oversees food and beverage operations, effectively making it an equity-method affiliate. Concurrently, SO-TWO will subscribe to ONIGO’s third-party allocation of shares, thus solidifying a firm capital relationship between the two companies.

Synergies and Future Developments

With this partnership, ONIGO can strategically utilize the extensive business network and management expertise of the SO-TWO group. The collaboration will focus on enhancing the service quality and productivity of ONIGO’s existing quick commerce operations, while also exploring new business areas centered on takeaway food offerings.

Ultimately, ONIGO aims to harness the strengths of both companies through this robust partnership, striving for unprecedented growth and a solid business foundation.

About SO-TWO

Established in April 2002, SO-TWO has expanded its business footprint beyond real estate to include diverse sectors such as food services, pet-related products, electric bicycles, convenience store operations, smartphone-related services, and portable audio sales. The company's vision is to adapt to changing lifestyles and propose various lifestyle solutions.

Company Overview

- ONIGO Co., Ltd.

CEO: Naoya Umekita
Location: 1-17-5 Kamima, Setagaya, Tokyo
Established: June 2021
Business: Quick commerce for food
Website: onigo.co.jp

- SO-TWO Co., Ltd.

Chairman: Souroku Masuda
President: Taneo Sato
Location: 2-19-9 EBISU WEST, Shibuya, Tokyo, SG Building
Established: April 2002
Business: Asset management, corporate investment, group management
Website: so-two.com

- ESCom Co., Ltd.

Location: 2F JRE Amagasaki Front Building, 1-2-6 Shioe, Amagasaki, Hyogo
Business: Management and oversight of food service companies (Tripro Plus, Sushi Pro, Global Foods Supply)