Accelerators & Incubators
Policy & Regulation
Pomelo accelerates growth by acquiring fashion e-commerce platform Looksi
Formerly known as Zalora Thailand, Looksi will have its platform and social media presence being merged into Pomelo ecosystem.
Singapore’s GIC, Capital Research investing in Thailand’s Central Retail IPO
The IPO, first announced in July, comes after Thailand took the top IPO ranking in Southeast Asia in 2019 with $4 billion in fundraisings.
Thai fashion platform Pomelo appoints former H&M executive as Chief Retail Officer
Pomelo pulls in experience from Swedish multinational clothing-retail company H&M for retail expansion.
Indies Capital invests $15m in Thai ecommerce enabler aCommerce
Founded in June 2013, aCommerce helps brands such as Samsung, L’Oreal, and Unilever sell their products online across Southeast Asia by providing services from webstore design, distribution, and marketing to warehousing and delivery.
Tencent premieres WeTV in Thailand
WeTV will curate content that is relevant to the Thai audience.
Lightnet closes US$31.2M in new funding round led by six conglomerates
The fintech company aims to target unbanked migrant workers who rely on costly substitutes such as SWIFT in major Southeast Asian markets.
Paul Ark is departing from SCB's fintech investment arm Digital Ventures
He will take a sabbatical before thinking about the next phase of his work life, he announced in a Facebook post.
FINNOMENA brings total funding to US$13.5M after a round by Openspace Ventures, Gobi Partners
Thailand's digital wealth management platform, secures US$10 million in a Series B funding round.
Thai tycoons-led CP Group, Central said to vie for Tesco’s $7b Asia business
The Thailand and Malaysian operations of Britain’s largest supermarket chain Tesco Plc. are on the shopping lists of Thai tycoons.
dtac Accelerate discontinues as the Thai telco company seeks "new business direction"
dtac Accelerate Managing Director Sompoat Chansomboon said the team behind the programme is preparing to launch "something big".
Central Retail plans to raise up to $2.7b in Thailand’s biggest IPO
Thailand’s largest retailer, Central Retail Corporation, plans to raise up to 81.1 billion baht ($2.7 billion) in an initial public offer (IPO), the company said in a filing on Thursday, in what would be the country’s largest IPO.
LINE’s on-demand service platform LINE MAN adds food delivery, taxi hailing in Thailand
LINE MAN claimed to have partnered with around 100K restaurants, which accounts for nearly twice as many restaurants secured by Grab, Gojek and Delivery Hero, for food delivery.
SCG’s packaging unit files for IPO
The IPO, which is set to raise $1 billion, will help accelerate the company’s domestic and overseas expansion.
Bangkok Bank to buy Indonesian lender Permata for $2.7b
The Thai lender will acquire the stake in the mid-sized Indonesian lender from Standard Chartered and Indonesia’s PT Astra International, and the deal is expected to close in 2020.
Insurtech startup Sunday raises US$11M Series A funding led by Quona Capital for expansion, to deliver personalised coverage
Thailand-based Sunday also plans to enhance its core technology that uses machine learning to price premiums for health, motor, and travel insurance in real-time.
Indorama Ventures Acquires Californian PET Recycler Green Fiber International
The acquisition has a combined capacity of 40,000 tonnes/annum.
Thai energy giant PTT’s arm to delist SET-traded Glow Energy
GPSC has acquired over 66.78 million shares of Glow Energy, or a 4.57 per cent interest, to increase its holding to 99.8 per cent, for the purpose of delisting Glow from the local stock exchange, the company said in a filing.
Meet the 10 new startups that Thailand's 500 TukTuks has invested from its second fund
The names also include Volt14, which aims to reduce the cost of production and increase the capacity of Li-ion battery cells without changing any existing manufacturing process
Thailand E-Sports Arena raises funding from Japan's GameWith; to foray into Myanmar, Laos, Cambodia in 2020
Thailand E-Sports Arena provides a one-stop service for game providers, consumer brands, and e-sports communities
2C2P receives US$52M funding from IFC, Cento Ventures, Arbor Ventures, focussing on expansion
Singapore-based payments platform provider 2C2P also plans to use the funding for hiring local talents and consolidating market share in the region.
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