By Chalida Ekvitthayavechnukul
The investment is in the form of exchangeable loan
Prudential PLC, AIA Group and Manulife Financial Corp are said to be weighing a bid.
In case that the deal cannot go through, Sea Value will consider doubling the production capacity of its French subsidiary Sea Value Atlantic which it acquired in the end of October 2015.
KBank plans to set up its own footprint in the Indonesian market.
The VC firm is the only Thai investor among Nyca’s ten institutional LPs.
The PE firms in fray are CVC Capital Partners, TPG and Hellman & Friedman
Vatic Ventures acquired the rights of Red Branch Investments Ltd, a Hong Kong-incorporated company, to purchase the shares from former shareholders for 8 million baht ($220,000).
This is 50% higher than its initial target of $10 million.
The joint venture between Loxbit and Killian Court provides K2 Venture the opportunity to leverage on the existing network and track records of the parent companies to tap into the high growth startup investment opportunities in Thailand and ASEAN region.
Lalamove will use the funding to continue its aggressive expansion in Asia where it plans to launch in additional 60 cities this year.