Exclusive: Thailand’s Siam Commercial Bank to launch VC arm to fund tech startups

Posted by & filed under Venture Capital

It is seeking approval from the Bank of Thailand as it expects to launch the fund in the first quarter. The fund size will be $30m-$50m and it will invest in tech startups. The bank has roped in Thana Thienachariya, former marketing executive at DTAC, to run the fund and also a new subsidiary, that will be focussed on fintech research

InVent invests $700k in Thai mobile game developer Sinoze

Posted by & filed under Startup Asia

Sinoze, a leading mobile games developer in Thailand has raised around $700,000 from InVent, the venture capitalist arm of Thailand’s largest telco Intouch. The deal has seen Intouch Holdings Plc (INTUCH) subscribing to 6,000 newly-issued shares in Sinoze Company Limited, equivalent to 16.67 per cent of its paid-up capital, for 22.5 million baht (approximately $700,000) through… Read more »

Thailand: Telecom firm INTUCH’s venture arm may close deals in 10 startups soon

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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 »

Thailands InVent gears up for investing in startups

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InVent, a venture capital project of the INTOUCH Group, is planning several joint venture with rapidly-growing startups in Thailand, next year. It will consider startups that are related to its business such as Information Technology (IT), telecommunication, digital content providers and media. “We are considering joint ventures with three to… Read more »

Thai golf-booking app Golfdigg raises $670K from VC arm of Intouch Holdings

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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 »

Singtel Innov8, InVent invest in Thai social commerce platform ShopSpot

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ShopSpot, one of the Southeast Asia’s leading social commerce platform, has raised an undisclosed Pre-Series A funding round from InVent, venture capital arm of Intouch Holdings Pcl, and Singtel Innov8 Pte Ltd. ShopSpot, which has created a platform for design enthusiasts, claims to have over 1.5 million visitors per month in 2015. It… Read more »

Intouch, Hyundai form a JV firm for home-shopping biz in Thailand

Posted by & filed under Deals & Investment

Intouch Media Company, a subsidiary of Intouch Holdings Plc, and South Korea-based Hyundai Home Shopping Network Corporation (Hyundai Home Shopping) has set up a joint venture firm called HIGH Shopping Company to penetrate the home-shopping market in Thailand. HIGH Shopping has an authorised capital of 500 million baht ($15.4million). Intouch… Read more »

Infinity Levels secures $500K from InVent

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Thailand’s gaming studio Infinity Levels Studio has secured $500,000 seed funding from InVent, a venture-capital unit of Intouch Holdings PCL. According to an official statement by InVent, Infinity Levels will use this fund to for global launch of the animal racing game Ranch Run and launch two other titles of the same game… Read more »