Wongnai is the ninth portfolio company and the largest investment of InVent, a venture capital unit of Intouch Holdings, as well as the first-ever Series B investment in startups made by a Thai VC so far.
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Malaysia’s digital media group Rev Asia Bhd has acquired three Malay language content websites Siraplimau, Myresipi and Kongsiresepi from Dua Marhalah Sdn Bhd for an undisclosed amount, in an effort to expand its reach to Malay speaking audience in the country.
Social Nation is InVent’s 10th portfolio company and its first investment in the United States. The previous investments include local business review portal Wongnai, golf-course booking platform Golfdigg and mobile-first engagement solutions Playbasis.
This investment was made through TripAdvisor’s global restaurant reservation brand, TheFork. This round has made only 9 months after it raised series A investment in December last year.
Restaurant booking apps may be crowded space, with a slew of startups, having raised significant amounts, but Soraya Kefs, founder and chief executive of Singapore-based Weeloy, says her company’s differentiation is being more than just an app.The company, which is currently in the process of raising Series A funding, is… Read more »