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

Posted by & filed under Venture Capital

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 »

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

Posted by & filed under Startup Asia

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 »

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 »

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 »

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 »