Accelerators & Incubators
Policy & Regulation
Singapore’s clean energy firm Sunseap raises $72m from Thailand’s Banpu Group
The firm has now raised a total of S$203 million ($145.9 million) in Series D financing.
Thailand’s 'crowdfunding bonds' startup PeerPower raises pre-Series A funding from InVent, BOL
The fintech startup claims it is the first in Thailand to issue Crowdfunding Bonds, approved by the Securities and Exchange Commission Thailand (SEC).
Thai travel tech platform Tourkrub raises $5m in Series B
The funds raised will be used to provide services for Southeast Asia’s outbound tourists, among others.
Japanese insurer Tokio Marine merges Thai unit with IAG’s Safety Insurance
Tokio Marine Insurance Thailand Pcl, the Thai subsidiary of Japan’s oldest insurance group Tokio Marine, has merged with Safety Insurance Pcl, to create a new entity – Tokio Marine Safety Insurance Thailand (TMSTH).
Thailand’s Constant Energy raises $15m as loan from GCPF
Following the long-term debt, the company will grow its pipeline of solar energy projects for industrial clients in Thailand and Southeast Asia.
Co-living solutions startup HostelHunting rebrands into LiveIn.com; to expand into Indonesia, Philippines
The startup, which has so far raised over US$4.5M from the likes of KK Fund and Jungle Ventures, is already operational in Malaysia and Thailand.
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.
Volanews 2018–2019 Guangzhou Vola Information Technology Co., Ltd. All rights reserved.