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Myanmar Food Delivery Startup Hi-So Secures Six Digit Funding To Expand

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...

Pomelo Acquires Fashion E-Commerce Platform Looksi Despite Retail Slowdown

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. &...

Malaysian Caregiving Startup, HOMAGE Secures US$ 10 Million In Series B Funding

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...

Malaysian Startup STOREHUB Secures US$8.9 Million Funding To Expand All Over South East Asia

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...

More Problems For SoftBank Backed Startups

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...

The New Startups That Thailand's 500 Tuktuks Has Funded From Its Second Fund

Source: Thailand Startup News Jan 04, 2020

Thailand’s unit of early-stage VC fund 500 Startups, 500 TukTuks announced the new startups it 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 The second batch of investment follows the first batch of six it had annou...

Home Decor Startup, Homelane Raises US$30 Million In Series D Funding

Source: Thailand Startup News Dec 24, 2019

India based Homevista Decor and Furnishing Pvt Ltd, which runs online interior design and furniture company HomeLane, has raised US$30 million in a fresh round of funding to fuel its expansion into home renovation as a service and to expand into 10 new cities, the company said in a statement on Monday. Homelane’s series D round was led by new investors, including a Dubai-based inves...

New Social Media Startup Yubo Raises US$ 12.3 Million

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...

Confidence Levels Of Startups Dropping Drastically According To GSB Survey

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...

Style Theory, A Fashion Rental Startup Secures US$ 15 Million From Softbank Ventures Asia

Source: Thailand Startup News Dec 09, 2019

A Startup that allows customers to rent designer apparel in Indonesia and Singapore has announced the closing of its Series B round. Style Theory closes US$15 million in Series B funding led by SoftBank Ventures Asia, the early-stage venture arm of SoftBank Group, with participation from Alpha JWC Ventures and The Paradise Group. Both SoftBank Ventures Asia and Alpha JWC...

Silicon Valley’s AngelList Funding Platform Set Up In India

Source: Thailand Startup News Dec 05, 2019

AngelList, a Silicon Valley-based an online platform that startups can use to raise capital and recruit people, has launched its venture and angel fund product in India that will allow individuals to raise small blind pools of capital and deploy them in 6-12 months. The funding platform will manage the legal and regulatory aspects of raising capital and investing it, while the byte-sized funds ...

DiMuto, Agrifood Supply Chain Startup Secures Funding From SGInnovate

Source: Thailand Startup News Dec 03, 2019

DiMuto, a Singapore-based supply chain platform has raised an undisclosed amount of investment from government-owned venture firm SGInnovate to help drive its expansion into new overseas markets. With its Track and Trace platform, DiMuto provides end-to-end supply chain visibility for global businesses. It leverages blockchain, internet of things, and AI to help digitize the agrifood...

Thai E-Sport Startup, Infofed Secures Pre-Series A Funding.

Source: Thailand Startup News Nov 29, 2019

Thai Startup Infofed, an e-sports startup and owner of Thailand E-Sports Arena, has secured an undisclosed amount in pre-Series A round of equity funding from Japanese gaming community GameWith. Thailand E-Sports Arena provides a one-stop service for game providers, consumer brands, and e-sports communities The Thai startup will use the proceeds to expand its coverage in So...

Bounce, The Indian Scooter Rental Startup Secures US$150 In in Series D Round

Source: Thailand Startup News Nov 27, 2019

An India-based startup that operates over 17,000 electric and gasoline scooters in three dozen cities in India, has raised about US$150 million as part of an ongoing financing round led by existing investors Eduardo Saverin’s B Capital and Accel Partners India, two sources familiar with the matter told TechCrunch. The Series D financing round , values the startup “well ove...

Mistakes That Startups Should Avoid

Source: Thailand Startup News Nov 26, 2019

Thailand Startup News provides a few more pointers for startups to avoid especially those in Thailand. Asia is the currently the new breeding ground for breakthrough ideas and out of the box innovations assisted by the startup boom. In reality only a few actually make it big enough to compete and outwit existing dominant players. It is a known fact that 9 out of 10 start ups just cannot get past t...

WeWork Lays Off 2,400 Staff, More Bad Things Coming Say Industry Experts

Source: Thailand Startup News Nov 23, 2019

Startup Unicorn WeWork confirmed on Thursday that it had cut 2,400 jobs in a round of layoffs following its failed IPO attempt. Several sources told Business Insider that layoffs had begun November 11. WeWork met with employees to announce the larger round of layoffs on Thursday at 10 a.m ET, another source familiar with the matter said. A WeWork representative told Thailand Startup N...

Indonesian Beverage Startup, Fore Coffee To Expand With 1,000 Locations Through Collaboration With Airy Properties

Source: Thailand Medical News Nov 21, 2019

Beverage tech startup, Fore Coffee which is Indonesia based, announced a strategic partnership with local hospitality chain Airy to add 1,000 new locations in Indonesia within the next 12 months. At present, the first Fore Coffee store at an Airy location is located in South Jakarta. Fore Coffee will soon open in several more Airy properties spread across 100 cities in Ind...

Movie-Booking Service Launched in Thailand By Traveloka

Source: Thailand Medical News Nov 15, 2019

Startup online travel giant Traveloka has launched a movie-booking service in Thailand through a partnership with Major Cineplex, a leading film theater operator in the country. The new Movies product, accessible via the Traveloka Xperience platform, will allow users to book and purchase seated tickets for pre-sold and premiered movies. Henry Hendrawan, president of Traveloka group o...

Singapore Startup Workmate (Formerly Helpster) Gets US$5.2 Million In Series A Funding

Source: Thailand Startup News Nov 14, 2019

Workmate (formerly Helpster), a Singapore-based end-to-end staffing platform announced that it closed a Series A funding round of US$5.2 million (RM21.52 million). The series A funding round was led by Atlas Ventures with participation by Gobi Partners and Beacon Venture Capital (Kasikorn Bank), with existing investors also participating in the round. Workmate Team The news funds will be used ...

Malaysian Babysitting Startup, Kiddocare Raises US$ 131,658 Thru Equity Crowdfunding PitchIN

Source: Thailand Startup News Nov 10, 2019

Malaysian Startup, KIDDOCARE has become the 39th company to successfully raise funds through equity crowdfunding on pitchIN. The company raised a total of US$131,664 (RM545,026) from 22 investors. Kiddocare was also the third company on pitchIN to get co-investment funds from the Malaysian Co-investment Fund (MyCIF). Startup Kiddocare matches third-party babysitters with parents. All Kiddocarer...

Money Backers Default In Coughing Up Monies For Tranglo Series A Funding

Source: Thailand Startup News Oct 17, 2019

Startups Beware, A New Trend Emerging. First you get a glitter event with the press media and a MOU signing ceremony followed by the cocktails, congratulations etc and thereafter, you see no monies, take the case of Tranglo Startup saga. Tranglo confirmed that the Hong Kong-based fintech, TNG Fintech Group Inc had never realised its US$115M in Series A funding to its company. The Malaysian...

Philippines-based HR And Payroll Startup Sprout Secures US$6 Million Series A Funding

Source: Thailand Startup News Oct 14, 2019

Philippines-based HR and payroll startup Sprout becomes billionaire Steve Cohen’s VC first Southeast Asian investment with US$6M fundraising. American billionaire Steve Cohen’s early-stage VC, New York based Point72 Ventures, has invested a US$6 million into Sprout, a payroll and human resources platform from Manila, Philippines. The Series A round of funding ma...

Thailand’s Startup, Drivemate Raises US$2.2 Million in Series A Funding

Source: Thailand Startup News Oct 10, 2019

Thailand-based peer to peer car-sharing platform Drivemate, has secured US$2.2 million in a Series A round led by Netsol Technologies Inc, a Nasdaq-listed IT and enterprise software solutions provider in the US. Other investors including Isuzu, UNT Group, and Colopl Next also participated in the round, which brings Drivemate’s total funding to US$2.8 million. Silratth Sukwatthanasiri,CEO a...

Thailand Should Start Adopting A More Protective And Nationalistic Stance When It Comes To Startups, Innovations and Microbusinesses

Editorial By Sanit Tanakul Sep 30, 2019

Though I am a firm believer of technology and startups and generally do not consider myself a racist bigot as all my best friends are foreigners and my partner is a foreigner as well, of late as a common middle class Thai, I was wondering if the government agencies, private corporations and also the common Thai people are waking up and seeing what is really going on. We tend to embrace with open ...

Honestbee In More Problems As It Owes More Than US$1 million To Unpaid Staff

Source: Thailand Startup News Sep 24, 2019

Singapore-based grocery delivery startup is now in more financial problems as well as legal problems as it has come to light that it owes 217 employees a total of almost USD $1 million in unpaid salary. The figure was revealed in an affidavit filed in the Singapore courts last week by Honestbee CEO Ong Lay Ann as part of the startup’s debt moratorium application. The Singaporean Ministry...

Whats Lacking In Thailand Startups

Source: Thailand Startup News Sep 23, 2019

Despite the fact that Thailand’s Startup scene was initiated as early as 2003 with the inauguration of an agency to promote innovations under the Ministry Of Science and Technology then and with the extensive promotion of startups starting about 8 years ago in 2011, the amount of local Thai startups that have entered the stage A funding stage is so few and countable. The emergence of a...

True Digital Park–ACE Singapore Centre Unveiled

Source: Thailand Startup News Sep 22, 2019

ACE Singapore or The Action Community For Entrepreneurship, a Singaporean private-led organisation seeking to drive entrepreneurship and innovation in Singapore, has entered into a collaboration with True Digital Park (TPDK), an innovation ecosystem for both Thai and international startups to officially launch the new True Digital Park–ACE Singapore Centre. The launch marked the market...

Malaysian Recruitment Startup, SlingApp Introduces New Features On Its Platform

Source: Thailand Startup News Sep 21, 2019

SlingApp, a job-hunting startup based in Malaysia, owned by Beneflex Sdn Bhd, has unveiled a new feature called Talent Search that allows recruiters to search and contact active job seekers who qualify for job positions that they are seeking to be filled. SlingApp co-founders (from left) CEO Teh Tian Ji with Lucas Wong The initial fee to use the Talent Search feature starts at about US$3 ...

Singapore Startup Carro Invests US$30 Million Into Malaysia’s Car Bidding Platform myTukar

Source: Thailand Startup News Sep 20, 2019

Singapore startup, Carro, a wholesale automotive marketplace has invested US$30 million in Malaysia based car bidding platform myTukar. This strategic investment, will enable Carro’s technology to power myTukar to “digitally enable the traditional used car dealerships across Malaysia and boost inter-city car sales”. Carro will focus on helping conventional car dealerships c...

AI Business Networking Startup, Lunchclub Secures US$4 million Seed Capital

Source: Thailand Startup News Sep 19, 2019

Lunchbox is a new AI based startup that is primarily to assists business professionals search and locate new connections inside specific industries. The startup has recently secured a US$4 million seed funding round led by Andreessen Horowitz with other investors including Quora’s co-founder, the Robinhood cofounders, and Flexport’s cofounders. The startup app follows in ...

WeWork But Fails, IPO Postponed, Credibility Falling

Source: Thailand Startup News Sep 18, 2019

-investors questioning valuations -corporate governance questioned -business model under scrutiny WeWork, postponed its initial public offering after investors questioned how much the company is worth and raised concerns about its corporate governance. Its roadshows for the week were cancelled and reports are emerging everywhere as to questions about the company’s credibility in all...

Taking Precautions To Prevent People Stealing Your Startup Ideas

Source: Thailand Startup News Sep 17, 2019

When an entrepreneur has startup idea that he or she plans to implement, that idea is the most valuable thing that he or she will have at the start, a thought-out strategy for its implementation is a must that takes into account how to reliably protect that idea. In order to implement the project, one will have to share information. This is not relevant when one has enough technical knowledge a...

Oranuch Lerdsuwankij, Thailand’s Only Female Entrepreneur Driving The Startup Industry

Source: Thailand Startup News Sep 16, 2019

Over the last few years , we have seen a lot of activities, mentions and events focusing on startups in Thailand by both the government sector and also the private sector but none has impressed us the most in terms of their approach, professionalism, honesty and credibility as the Techsauce Team in Thailand. Besides their consultancy services and other commercial platforms, their annual &nbs...

Massive Tech and Innovation Centre Set Up In US By Indian Infosys

Source: Thailand Startup News Sep 15, 2019

Infosys Limited , an Indian multinational corporation that provides business consulting, information technology and outsourcing services with its headquarters in Bengaluru, India has unveiled its newly set up Innovation and Tech Centre in Arizona, US. The newly opened centre will focus on autonomous technologies, Internet of Things (IOT), full-stack engineering, data science ,cyber security, artif...

Grocery Ecommerce Startup Swiftly Secures US$15.6Million, Unveils New Supermarket OS

Source: Thailand Startup News Sep 14, 2019

Supermarket ecommerce startup, Swiftly raised US $15.6 million in a seed round to help grocery stores and other retailers up their technology offerings to keep up with Amazon and Walmart. The funding round was led by investors including Novel Private Equity; Mendacre; Ron Burkle, founder and managing partner of The Yucaipa Companies; Sam McBride, former COO of RXBAR; The Wa...

Indian Logistics Unicorn, Delhivery Gets Canada Pension Firm To Invests US$115 Million

Source: Thailand Startup News Sep 13, 2019

Indian Logistics Startup, Delhivery secured a US$115 million investment from the Canada Pension Plan Investment Board (CPPIB). Carlye and Softbank are the two main backers of Delhivery which is currently valued at over US$ 1.6 billion. In March of 2019, Delhivery got US$ 400 million in its Series F funding round led by Softbank, CArlye and Chinese conglomerate Fosun, making it another Ind...

Pomelo Becomes The First Thai Company In A Decade To Ever Go Into C Series Funding Round Successfully

Source: Thailand Startup News Sep 12, 2019

Although it’s a joyful occasion for Pomelo to have finally got into this stage, we are not sure if the rest of the startup industry in Thailand should be optimistic or even rejoice considering that compared to any other South East Asian country, despite we having the most number of government agencies that have been promoting innovations and startups, having the highest government spen...

One Of Indonesia’s Five Startup Unicorns, Bukalapak 'Dying'? More To Follow?

Source: Thailand Medical News Sep 11, 2019

New was circulating today and news agencies were busy with news breaking out that a huge number of employees had been laid off from multiple divisions and also that many of its offices were being closed in secondary cities including Surabaya and Medan, two major economic hubs. Bukalapak Iffices In Surabaya Closed As of press time, no senior executives of Bukalapak could be contacted but laid of...

Vietnam Leading Asia In Terms Of Agritech Startups

Source: Thailand Startup News Sep 10, 2019

As Agriculture accounts for 16 per cent of Vietnam’s GDP, while labourers in the sector account for 42 per cent of the total workforce, the Vietnamese government had the foresight a few years back to spend more in terms of high-tech farming productions and also getting the local IT and the Tech industry to get more involved in the development of agritech startups. As a r...

US Startup Zoom’s Remote Conferencing Services Banned In China

Thailand Startup News Sep 09, 2019

Zoom Video Communications which is a US company based in San Jose, had its video conferencing and also other conferencing software and apps blocked in China since Monday morning, joining a list of inaccessible internet services in the country. Zoom provides remote conferencing services using cloud computing and offers communications software that combines video conferencing, online meetin...

Alibaba's Plans To Dominate India’s Ecommerce Scene Via UCWeb

Source: Thailand Startup News Sep 08, 2019

Considering India’s vast population, its literacy rate and fast growing middle-class markets and also booming economy, Alibaba Group has finally decided to enter the India market in an aggressive manner . Alibaba plans to launch its first fully owned e-commerce business this fiscal in India through its subsidiary, startup UCWeb, a senior company official commented . &nbs...

NirvaMed, A Medical Device Startup Owned By A Thai Doctor Secures US$4.5 Million In Series A2 Funding

Source: Thailand Business News Sep 07, 2019

Thai owned US based medical device startup Nirvamed, founded by Dr Pramote Hochareon, has secured a US$4.5 million in a series A2 funding lead by Siriraj Foundation (The financial foundation that is overseen by the Faculty Of Medicine of Siriraj Hospital), Bangkok Dusit Medical Services (BDMS Group), PTT Global Chemical, Samart Corporation, Double-A, Ahead Advisory and several individual investors...

Agritech Crop Protection Startup, TERRAMERA Raises US$45 Million

Source: Thailand Startup News Sep 06, 2019

Terramera Vancouver-based agritech startup has raised a US$45 million in a series B funding round, led by Ospraie Ag Science and Seed2GrowthVentures. The new funds from the investment will be used to scale Terramera’s Actigate technology, which was designed to improve the performance of active ingredients used in crop protection products. Founded i...

Startup Kaola Up For Acqusition For About US$ 2.1 Billion

Source: Thailand Startup News Sep 05, 2019

Startup Kaola, the crossborder retail platform of NetEase is reportedly to be acquired by Alibaba to the tune of US$2.1 billion. After weeks of rumours speculating in the market, the deal is to be closed shortly before the end of the month. Thailand Startup News was not able to get details nor comments from the spokespersons of Alibaba and NetEase. NetEasewas founded in 1997 by William Din...

WeWork Goes For IPO, But Admits Losses US$1.6 Billion

Source: Thailand Startup News Sep 04, 2019

The office coworking company, WeWork valued at US$47 billion, announced its plans for IPO and already made necessary fillings to the US SEC, starting the countdown to one of the most highly anticipated and potentially scrutinized market debuts of 2019.Many investment experts are however not sure that the results of the IPO would go as planned. WeWork's parent company The We C...

Startup App Zao Gets Restricted In China With Other Countries Planning To Do The Same Due To Security Concerns

Source: Thailand Startup News Sep 03, 2019

The Zao app developed by a division of Momo, one of China’s most popular and successful dating apps, creates videos that replace the faces of celebrities in scenes from popular movies, shows and music videos with a selfie uploaded by the user. The app uses high tech platforms and even AI to create superb videos. Some have termed the term deepfake technology to describe the tech that could re...

Mews, A British Startup Revolutionizing Hotel Operations Gets US$33 Million In Series B Funding

Source: Thailand Startup News Sep 02, 2019

Although technology has brought major changes in almost all sectors of businesses and industries, the traditional hotel business has not changed much. In many modern properties, travellers still use the sign on the door to express the staff that they need privacy. As such Mews, a British-based startup Mews wants to bring a change and revolutionize how hotel functions are performed. Mew's Ric...

New Zealand Startup, Road Guru Heading To Thailand

Source: Thailand Startup News Sep 01, 2019

New Zealand startup, Road Guru provide services on its platform Driver Guides. These Driver Guides are exactly what you imagine them to be: A driver who knows the terrain and spots in the country so well that they are able to guide you on a full-on vacation. Co-Founded by Mitchell McLaughlin and Caleb Helm, the duo explained that when it comes to providing a better holiday experience, the appro...

Thailand Startup News Guide to Raising Seed Capital For Startups

Source: Thailand Startup news Aug 30, 2019

Section A : Need To Raise? When considering about financing your company for growth, there are multiple options that a founder or company owner should consider. Let’s begin by reviewing if raising capital from investors is right move for you. The following questions need to be considered carefully. What type of company do you want to set up and build? What type of com...

Thailand Customs Department Utilizes Blockchain Technology To Enhance Customs and Shipping Services.

Source: Thailand Startup News Aug 29, 2019

The Thailand Customs Department has taken an active role of utilizing Blockchain Technology to improve and modernize shipping in Thailand. It becomes the second government agency in the region, to use blockchain-based global trade platform to improve the speed, accuracy and security of container shipping and also customs clearances and tax payments on imports. The adoption of the ne...

Zenoti, A Spa And Salon Software Startup That Has Raised US $92 Million

Source: Thailand Startup News Aug 26, 2019

Sudheer Koneru had spent years working at Microsoft and SumTotal Systems and was planning a retirement in mid 2008. As he travelled and participated in various yoga programmes and also wellness workshops, he was suddenly roped back into work as one of the companies that he had invested in that ran a chain of spas, health clubs and saloons in India, underwent a management change. W...

Ai Palette, A Foodtech Startup Secures US$1 Million Funding

Source: Thailand Startup News Aug 25, 2019

Ai Palette, a foodtech startup based in Singapore has secured a US$1 million seed funding from Decadorn Capital , Singapore government’s SGInnovate, Silicon Valley-based venture capital firm AgFunder, other individual investors, and existing investor Entrepreneur First. L to R: Decacorn Capital Analyst Louis Low, Ai Palette CTI, Co-Founder Himanshu Upreti, Decacorn Capital MD, ...

Christina Teo Founder Of SAW, A Support Group for Asian Women In Startups.

Source: Thailand Startup News Aug 23, 2019

Christina Teo is a tech industry veteran who has held corporate roles at companies such as Acer, 3Com, IBM, O2 and Yahoo! Singapore, where she was the first GM. After 27 years mostly spent working abroad, Teo recently returned home to Singapore and decided to to put her years of experience to use by founding Startup Asia Women, a support group for women in the startup commun...

China’s Health Insurance Startup Carevoice After Raising US$2 Million, Plans Offices In Thailand, Cambodia, And Philippines

Source: Thailand Startup News Aug 22, 2019

China’s CareVoice, health insurtech start-up after raising US$2 million in a series A funding co-led by Haitao Capital and SOSV, will use the investment to fuel its insurance business lines, accelerate technology development, consolidate its leadership in China’s major cities and expand to Southeast Asia including countries like Thailand, Cambodia, Malaysia end even P...

Startup SpotQA Raises US$ 3 Million And Showcases Virtuoso Which Lowers Costs Of Software Testing By 80%

Source: Thailand Startup News Aug 21, 2019

SpotQA , a London-based automated software testing startup secured a US$ 3 million round of seed funding led by Crane Ventures with participation from Forward Ventures, Downing Ventures and Acequia Capital. Along with news of its funding, the company also took the opportunity to launch its its flagship product, Virtuoso, which tests web and mobile web apps to identify ...

RedDoorz Secures US$70 million Funding And Choses Vietnam Over Thailand To Set Up Tech Hub

Source: Thailand Startup News Aug 20, 2019

Only after securing a US45 million Series B funding in July of this year, RedDoorz has again managed to secure yet another US$ 70 million in its series C funding round held this month. RedDoorz is a South East Asian management and booking platform startup. RedDoorz CEO Amit Saberwal The latest series C funding round was led led by Singapore-based growth equity firm Asia Partners, w...

Startup Carousell Raises Eyebrows As Despite US$7 Million Revenue, It Posted Losses Of US$25 Million

Source: Thailand Startup News Aug 19, 2019

Popular Singapore-based classifieds app, Carousell posted US$7 million in revenue for the financial year of 2018, an increase from 2017, according to its latest financial reports. However the company’s losses for the year were US$24.96 million, down 16.2% from the year before. The reported losses for 2017 was US$29.8 million. Despite being valued at over US$ 550 million (note that v...

Russian Startup Dostavista, The Owner Of Thailand’s Mr Speedy Delivery Service, Raises US $15 Million

Source: Thailand Startup News Aug 18, 2019

Russian based startup, Dostavista , raised a total of US$ 15 million in a series B funding that was lead by Vostok New Ventures, with participation from existing investors Flashpoint and AddVenture. Dostavista Team Leaders And Founder The “crowdsourced” same-day delivery service was founded in Russia but operates in several countries especially in Asia under the Brand Mr Speed...

Questions? Does Apps Like QueQ, A Thai Virtual Queuing App Intrude On One’s Privacy? Are They Safe?

Source: Thailand Startup News Aug 17, 2019

“Are consumers advised or are there warnings that a consumer’s privacy might be compromised or violated when one downloads an app into one’s phone for convenience without little knowing that your movements and behavior details are being monitored and analyzed and stored.” “Local Startups and Apps Firms should be more proactive to assure consumers of their perso...

N-Squared,Thailand’s leading E Commerce Solutions Expert Plans Expansion Into Vietnam And Indonesia

Source: Thailand Startup News Aug 16, 2019

N-Squared eCommerce, a leading Thai ecommerce solutions provider that already operates in four Asean countries plans to further it geographical outreach by expanding into Vietnam and Indonesia before the end of the year. Already operating in Thailand, Singapore, Malaysia and Philippines, the company is already in talks with strategic partners and clients and should have its offices and teams in...

Starbuck’s Fund, Valor Siren Ventures Rumored to The Deciding Between Bangkok And Singapore To Set Up An Asia-Pacific Office

Source: Thailand Startup News Aug 15, 2019

Valor Siren Ventures (VSC), the new fund that is dedicated to food and retail startups is at the moment deciding between Bangkok and Thailand as a destination to set up its Asia Pacific Office according to inside sources. The company sees huge potential in the Asia Pacific region especially in startups from India, Vietnam, China, and the rest of the Asean countries and wants to be part of the scen...

Thai Startup, Hungry Hub Raises Bt14 Million in Seed Funding

Source: Thailand Startup News Aug 14, 2019

Hungry Hub which has been bootstrapping since its inception in 2014, finally secured its first seed funding from Expara Thailand and 500 Startups, to the tune of US$450,000 or about Bt14 million. Hungry Hub originally started off as a restaurant reservation app by three founders, Surasit Sachdev, Kamolporn Theratanawong and Ravi Sachatep. However in 2016, the three co founders decided to ...

QFPay Secures US$20 Million In Latest Series C Funding Round

Souce: Thailand Startup News Aug 13, 2019

QFPay, the largest global partner of WeChat Pay and Alipay, secured a total of US$20 million in its latest round of funding, its Series C , bring the total that it had raised so far to US 36.5 million. In this latest round, QFPAy raised funds from existing investors Sequoia Capital China and Matrix Partners and also from new investors including, Japan’s Rakuten Capital, VentureSouq, a ventur...

Advice For Startups Seeking Corporate Relationships

Source: Thailand Startup News Aug 12, 2019

Startups and big corporations often benefit by teaming up with each other and it has to be a symbiotic relationship that mutually benefits both parties. However, these partnerships are not without their problems. Letting each entity maintain its own identity and independent priorities is difficult, and keeping two very different and yet demanding partners satisfied and contented i...

Tik Tok Planning to Take On Facebook and Youtube For Greater Share Of Online Advertising Market

Source: Thailand Startup News Aug 11, 2019

Startup App from China, Tik Tok is planning to aggressively outpace Youtube and Facebook in terms of gaining a larger market share for online advertising revenue. Tik Tok which is basically a short-form video app is trying to monetize its platforms with the addition of advertising on its feed. Almost a year old now, the app has broken the 1 billion downloads benchmark with 78 ...

Travel Startup redBus Plans To Expand To Thailand, Vietnam And Turkey

Source: Thailand Startup News Aug 10, 2019

Travel Startup which was founded in india in 2006 by Phanindra Sama and initially started off as a platform for booking provincial buses online has announced plans to expand operations in Thailand, Vietnam and Turkey. The Indian company which was acquired by South African media giant Naspers through its Indian subsidiary, ibibo Group in 2013 for a sum of US$120 million has since div...

Menopause Startup, Genneve Secures US$ 5.3 Million Seed Funding

Source: Thailand Startup News Aug 09, 2019

Seattle based startup, Genneve that is focused on telemedicine service for women undergoing menopause secured a US$4 million seed funding round led by California based BlueRun Ventures.They also received further funding from the same round from Maven Ventures and Startup Health, bring the total seed capital raised to US$ 5.3 million. Genneve will be using the seed funds to expand and grow the p...

Nike Purchases AI Startup Celect For US$110 Million.

Source: Thailand Startup News Aug 08, 2019

Nike, the sports shoes and apparel company that is worth more than US$ 127 billion, announced the acquisition of a retail predictive analytics and demand sending startup called Celect. Celect is a Boston based AI Startup founded by MIT Academic Professors Vivek Farias and Devavrat Shah in 2013 and its AI-driven analytics platform gives retailers the ability to better predict and meet inve...

US$ 6 Billion Chinese Startup Unicorn, Xiaohongshu Might Simply ‘Die’ After Being Banned By Chinese Government

Source: Thailand Startup News Aug 07, 2019

Chinese Unicorn Startup Ecommerce Platform App, Xiaohongshu was removed From China android stores and banned since last week and it is also not available on Apple’s App Store anymore. No news is in sight that the ban might be reversed. Xiaohongshu, the Chinese Unicorn startup that is valued at over US$6 billion and which has more than 200 million users had been removed from al...

Project KATALYST Launched By Kasikorn Bank To Assist Local Thai Startups.

Source: Thailand Startup News Aug 04, 2019

Kbank has announced the launch of project KATALYST to assist Thai startup firms determined to grow their business in line with KBank’s strategies. The initiative aims for business co-creation via information sharing, provision of consultancy and support by KBank’s various departments and partners which will be conducive for a startup’s business growth. Ms. Kat...

More Woes at Once Acclaimed Startup Honestbee

Source: Thailand Startup News Aug 03, 2019

Woes at once acclaimed startup Honestbee seems to be never ending. On 22nd of July the company issued a statement that the company was halting its Thai operations on its website. This was followed by more layoffs at its Singapore offices with 38 staff laid off. Then yesterday, the company submitted to the High Court in Singapore to commence a court-supervised restructuring process as it seeks six ...

First Artificial Intelligence(AI) Bar Opens In London.

Source: Thailand Startup News Aug 02, 2019

DataSparQ, a British data science startup specializing in various innovative commercial applications using artificial intelligence has developed a first AI Bar in collaboration with the famous bar, 5cc Harrild & Sons , located at Farringdon, London. The application would ensure that customers stay in a “intelligently virtual” queue and let bartenders know who is ne...

Elon Musk Launches Neuralink Inc To Inplant Humans With Chips For Direct Connectivity To Computers

Source: Thailand Startup News Aug 01, 2019

Elon Musk, listed at the 40th richest person in the world by Forbes and who started off as the founder of Paypal Inc and later Tesla and SpaceX , has now got into another new innovative corridor, connecting humans' brains directly to computers. He described his vision as a ‘symbiosis with artificial intelligence.’ Neuralink Corporation was initially established by Mu...

Energy Ministry To Allocate Budget Of Baht 3 billion To Support Energy Related Startups

Source: Thailand Startup News Aug 01, 2019

The Energy Ministry is planning to set aside Bt 3 billion baht from out of the total budget that it is seeking for the coming financial year to help promote energy related startups in Thailand. Energy Minister Sontirat Sontijirawong It will revise the current Power Development Plan for 2018-2037 with the aim of boosting start-up businesses. According to Energy Minister Sontirat Sontijiraw...

Blockchain Launches Lighting-Speed Exchange to Outspace Competitor Coinbase

Source: Thailand Startup News Jul 31, 2019

Blockchain, the company that is backed by British Billionaire Richard Branson, Alphabet Venture arm GV and Lakestar has unveiled a digital currency exchange that is capable of delivering “lightning-fast” trades. Peter Smith, CEO Blockchain Already reputed as one of the world’s largest cryptocurrency wallet platforms, the new exchange platform will outrival it...

Honestbee Appoints New CEO To Restructure Ailing Startup

Source:Thailand Startup News Jul 30, 2019

Honestbee, the grocery and delivery start-up has announced the appointment of Mr Ong Lay Ann as its new CEO, taking over from interim CEO Brian Koo who assumed the post following the departure of former CEO and co-founder Joel Sng. The appointment was effective as of 15th Of Juy 2019 according to a statement by Honestbee. Mr Ong main priorities is to restructure the company’s capital stru...

Thai Company Launches First Ever Software and App Development Platform That Does Not Require Any Previous Coding Knowledge

Source: Thailand Startup News Jul 30, 2019

Avalant Company Limited, the only leading software and digital solution provider in Thailand that has received world class CMMI Level 5 accreditation announced the launch of its cloud based ONE WEB Digital Maker Platform. The ONE WEB’s Digital Maker Platform is a 'Comprehensive Development Experience Platform' that can transform ordinary people's ideas easily to digital ap...

Essential Tips for Any Startups

Source: Thailand Startup News Jul 29, 2019

We are starting a series of articles guiding individuals who want to embark on the startup trend. Many young Thais and even foreigners tend to perceive that its an easy road with guaranteed success when in reality, statistical data show that in the pre-startup phases, only 12 percent of the entities actually succeed to enter into the next phase and among start-ups that have received initial ...

Ankiti Bose, The Indian Woman Who Build A US$ One Billion Startup Unicorn In Less Than 5 years.

Source: Thailand Startup News Jul 28, 2019

It all started at a house party in 2014, when Ankiti Bose talked to neighbor over the idea of developing an ecommerce platform in Bengaluru, India. Ankiti was working as an analysts then at Sequoia India awhile her neighbor, Dhruv Kapoor(now CTO of Zilingo) was a software engineer at a gaming studio. Four months later, both quit their jobs ad with a total savings of US60,000, they started Zilingo,...

Software For Managing Biotech R&D Secures US$34.5 million Funding

Source: Thailand Startup News Jul 25, 2019

In the Biotech R and D industry, despite so much data that is being churned, there is no proper manner to properly managed all that data to date and the typical laboratory notebook still plays a role despite being in a digitized age. Its little wonder that financiers saw the opportunities and the market potential when a startup entity like Benchling showcased their software product for ma...

India, The Unicorn Factory

Source: Thailand Startup News Jul 22, 2019

Despite the current trade wars and the impending global recession, India is emerging as a forerunner in terms of producing startup unicorns.(unicorns are privately held startups with more than a US$ one billion in terms of valuations.) Just in the first half of 2019 , India has already produced 8 such entities and 17 were produced in 2018. The numbers are expected to rise based on i...

China Startups Facing Funding Shortage

Source: Thailand Startup News Jul 21, 2019

China is currently facing a lack of venture capital for its startups and many tech wizkids are simply crying foul. The situation is not simply affecting startups as IPOs, stock performances etc are all down. But startups and accelerators are finding it hard to secure funding as capital is becoming scare in the country. Some are claiming it was a lack of creative innovations that created this as...

RISE- Thai Based Accelerator Branches to Singapore With New AI Program

Source: Thailand Startup News Jul 20, 2019

RISE, a Thailand-based accelerator has unveiled plans to extend to Singapore through an established partnership with Enterprise Singapore, A Singaporean Government Agency. Rise has procured support under the agency’s Startup SG Accelerator program, which provides mentorship and resources for startups based in Singapore. Rise plans to bring more thai startups to Singapore...

New Medical Startup Park To be Launched At Medical Fair Thailand 2019

Source: Thailand Startup News Jul 19, 2019

A New Medical and Healthcare Startup Park Platform is to be launched at the coming Medical Fair Thailand To be Held at The Bitec Exhibition Centre in September 2019. The organizer of the event, Messe Dussedorf Asia is planning to use this opportunity to promote more innovations and newer products to feed the ever growing and fast evolving healthcare market. The platform will primarily sho...

Techstars, A US-based Accelerator Expands To Korea

Source: Thailand Startup News Jul 17, 2019

Techstars, a US-based seed accelerator with a worldwide network and Hillstone Partners ,a Korean capital consultancy firm unveiled the launch of a program aimed at startups In Korea. The new entity called Techstars Korea Accelerator in partnership with Hillstone Partners, will offer three-month mentorship-driven programs and will begin accepting applications in December 2019. &...

True Digital Park Opens Workspace

Source: Thailand Startup News Jul 14, 2019

True Digital Park announces the opening of its “Work Space”, the workplace and digital innovation development space which incorporates a complete ecosystem for startups and tech entrepreneurs. The workspace is equipped with full serviced facilities for meetings, workshops, events and lifestyle activities to enhance work life. Work Space is designed to be open and c...

NIA Announces Startup Thailand Event 2019

Source: Thailand Startup News Jul 10, 2019

The National Innovation Agency (NIA) Announced a Five Day event, Startup Thailand, featuring exhibitions and conferences under the theme Startup Nation Bangkok Innovation Corridor. This is the fourth consecutive year for Startup Thailand, an annual event of the NIA. For this year, activities will be spread across nine locations in Bangkok covering the NIA, The Knowledge Exchange, Hangar by DTAC...

Investors Eyeing Thailand’s LINE Man App

Source: Thailand Startup News Jul 10, 2019

Since its debut, many potential investors have been waiting to get onto the Line Man App Portfolio as its one of the few startups with an expansive potential to grow and develop. Convenience is wanted by nearly everyone, and no service has been able to compare to the level of convenience LINE Man has brought to Thailand. LINE Man is an app that provides 5 main services: food, grocery,...

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