It plans to fund around 500 million to 1 billion baht to co-invest in each project and expects to wrap up the deals by the end of this year.
By Chalida Ekvitthayavechnukul
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.
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.
Intouch Holdings Plc (INTUCH) has appointmented Philip Chen Chong Tan as acting group chief executive officer in place of Somprasong Boonyachai, who retired at the end of last year. The appointment has been effective since January 1, 2016. Tan has been a senior executive with a successful professional track record for more than… Read more »
Thailand’s largest telecom firm Intouch Holdings (INTUCH) is chasing around 10 deals to invest in Thai startups through its venture capital arm InVent, says President Group Investor Relations Tomyantee Kongpoolsilpa. “We should be able to close the deals and announce some of them soon,” she told the media at the Stock Exchange… Read more »
Golfdigg Co Ltd, the creator of the golf booking application “golfdigg” on smartphone, has secured 23.83 million baht (around $670,000) in funding from InVent, a venture capital arm of Intouch Holdings PCL, to develop a better platform to meet the needs of golfers. This deal marks InVent’s seventh venture investment…. Read more »