Chalida Ekvitthayavechnukul

Correspondent, Thailand
Email: chalida@dealstreetasia.com

Thai lenders TMB, Thanachart to ink MoU to merge operations by month-end

The finance ministry holds a 25.9 per cent stake in TMB, followed by ING which owns 25 per cent.


Thai eSports startup Infofed grabs funding from KK Fund, Event Pop

According to local media reports, the investors have acquired a 25 per cent stake in the startup.


Krungsri Finnovate to double its fund size to back startups, VC funds

Launched in 2017, Krungsri Finnovate was set up with a corpus of $30 million, which should be entirely deployed by the end of 2019.


Thailand’s Banpu picks 21.5% stake in Japanese EV maker FOMM Corp

The investment will allow it to further expand its clean energy business in the Asia-Pacific region.


Thailand’s Central Group confirms $200m investment in Grab Thailand

Central Group will acquire a significant non-controlling stake in the Thai entity.


Andreessen Horowitz leads $68m Series A for HK startup Sandbox VR

Mike Maples, Floodgate Ventures, Stanford University, Triplepoint Capital, CRCM and Alibaba also participated in the round.


China digest: Alibaba fund backs StockViva; Jusda closes $356m Series A

Hong Kong-based social trading platform StockViva has secured a pre-Series A round of financing from Alibaba Entrepreneurs Fund.


Australia-based Humanforce raises $16m Series A from Accel-KKR

Humanforce will use the funding to scale up its global operations, particularly in the US, and extend its SaaS and mobile platforms for workforce management applications.


Korean beauty e-commerce startup Memebox bags $35m series D

The round was led by JJDC, the venture capital arm of Johnson & Johnson, and brings Memebox’s total funding raised to $190 million.


Thailand-based restaurant chain operator ZEN eyes IPO in Q1

Zen Corporation plans to sell 75 million shares, equivalent to 25% of its registered capital, in an IPO on the Thai stock exchange in the first quarter.