Investment | Startup Thailand

Tag: Investment

  • Beacon VC leads funding for Jitta wealthtech startup

    Beacon Venture Capital is leading a funding round of over 200 million baht for Jitta, a “wealthtech” startup, marking the biggest pre-Series A round for a Thai startup preparing to enter the global market. Beacon VC, a corporate venture capital arm of Kasikornbank (KBank), aims to make Jitta the first Thai unicorn — a startup […]

  • Central Group invests US$200 million in Grab Thailand

    Central Group is investing 6 billion baht and acquire a significant non-controlling stake in in Grab Thailand to strengthen its online-to-offline business getting ready for new chapter of retail, transport and tourism.

  • donates $2 million to Wikipedia’s parent org President Jacquelline Fuller today announced a $2 million contribution to the Wikimedia Endowment. An additional $1.1 million donation went to the Wikimedia Foundation, courtesy of a campaign where Google employees decided where to direct Google’s donation dollars. The Wikimedia Foundation is the nonprofit organization behind Wikipedia, while the Endowment is the fund.

  • Lance Armstrong just wrote his first check as VC

    Lance Armstrong  revealed last month that an early investment in Uber — courtesy of a $100,000 check that he funneled into the company in 2009 through Lowercase Capital — “saved” his family from financial ruin. This was after evidence surfaced in 2012 that he used performance-enhancing drugs and he was stripped not only of his seven consecutive Tour de France titles but also lost the many lucrative endorsement deals he enjoyed at the time.

  • Ford’s iconic F-Series trucks are going electric

    Ford’s legendary and popular F-Series pickup line will soon have electric options, the company announced today. The move is intended to “future-proof” the enormous truck business against rising gas prices and regulations favoring electric vehicles over internal combustion.

  • Thailand’s internet economy ranked no.2 in SEA

    E-commerce and online media push Thailand’s internet economy to rank the second largest in Southeast Asia, worth US$12 billion (394 billion baht) in 2018, just behind Indonesia.