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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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 »