Venture Capital
The CVC plans to raise upto $90m from parent Bangkok Bank this year, says MD Krit Phanratanamala.
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SG-based The Parentinc looks to turn profitable next year, even as losses zoom nearly 25% in 2021
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Deals
The expansion comes amid the warming of ties between Thailand and Saudi Arabia.
Unicorns
It has shifted its international focus to the provision of cross-border supply chain solutions.
The round, which was oversubscribed, received the backing of Switzerland’s Seedstars International Ventures.
The company, founded in 2015, said its business is “no longer commercially viable”.
Q & A
The VC says it plans to launch an impact fund this year.
German DEG is investing $40m in the green bond issued by Thai power developer BGrimm.
Thailand-headquartered companies with a presence or expansion plans in the region in demand.
The firm will allocate around $3m to a fund dedicated to potential unicorns this year.
Analysis
Grab is rolling out tuk-tuk services in Phuket.