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BREAKING NEWS
Source: Thailand Startup News  Dec 10, 2019
The electric scooter startup from the co-creator of gadget tracker Tile, Unicorn  is shutting down operations after blowing all its cash on Facebook ads but only receiving 350 orders for its glossy white e-scooters, it claims. In an email to customers, the company says it lacks the resources to deliver any of its $699 two-wheelers, and won’t be issuing refunds “as we are comp...
Source: Thailand Startup News  Dec 12, 2019
Thai startup entrepreneurs' confidence has continued to fall, dipping to 51.85 for the third quarter because of lack of funding sources, the faltering economy, cautious consumer spending and intensified competition from international players, according to a Government Savings Bank (GSB) survey.   Even expectations for the next three months remained low despite the high season for touris...
Source : Thailand Startup News  Dec 07, 2019
Malaysian travel startup, Tourplus, a company that provides personalized itineraries linking travelers to local guides, announced last week that it had raised a US$400,000 pre-seed round from a leading China based accelerator, SOSV Chinaaccelerator and a Chinese angel investor in the travel space with plans to expand his business into Malaysia. Tourplus team The pre-seed funding was actually ra...
Source: Thailand Startup News  Dec 21, 2019
Social media startup Yubo, the social platform where Generation Z creates communities of friends around the world, announced a $12.3 million fundraising round led by Iris Capital and Idinvest Partners, alongside historical investor Alven, Sweet Capital, and Village Global. Already with a predominantly English-speaking user base (mainly in the United States, the United Kingdom, and Australia), t...
Source: Thailand Startup News  Jan 31, 2020
Myanmar based food delivery startup, Hi-So Co which is a business  spin-off of Hi-So Mall, an e-commerce platform owned by Myanmar's Htun Khaing International has recently announced major expansion plans. The Singapore-registered startup which is based in Myanmar  and also owns a food delivery startup under the same brand name in Myanmar, has secured “six-digit funding&rdquo...
Source: Thailand Medical News  Jan 21, 2020
Previously known as Zalora Thailand, Looksi will have its platform and social media presence being merged into Pomelo ecosystem having been acquired from Central Group.   The Thailand-headquartered digital fashion brand Pomelo announced the completion of an acquisition of fashion e-commerce platform Looksi, according to a press statement. The value of the deal was not disclosed. &...
Source: Thailand Startup News  Jan 20, 2020
Malaysian startup,HOMAGE, an on-demand caregiving services platform that combines qualified care professionals with smart technology, announced that it has raised close to US$ 10 million in a series B funding. The round was led by EV Growth, with Alternate Ventures and KDV Capital as new investors and existing investor HealthXCapital also participating. EV Growth VP of Investment Yinwei Liang (l...
Source: Thailand Startup News  Jan 19, 2020
Malaysian Startup, StoreHub has raised a US$8.9 million (RM36.2 million) funding round led by returning investors Vertex Ventures Southeast Asia & India, with participation from Accord Ventures and a private family office with dual headquarters in Southeast Asia and Europe. STOREHUB Founders The funding round brings StoreHub’s total funding to US$15 million (RM61 million). The ne...
Source: Thailand Startup News  Jan 13, 2020
In the past few days, two more SoftBank-funded startups are in the news for either confirmed or rumored layoffs: Colombian on-demand delivery unicorn Rappi this week laid off hundreds of employees with rumours that some of its brand offices have closed. Meanwhile, discount lodging provider Oyo Hotels reportedly is firing thousands of staff across China and India while also...

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