By Chalida Ekvitthayavechnukul
Other investors include SBI investment, Golden Gate Ventures, and 500 TukTuks fund.
The $30-million deal will see Adelfos and GMM Grammy as joint owners of GMM Channel Trading Co.
The Chanwanich family, 500 TukTuks and Telenor also joined the round.
PTTGC, the petrochemical arm of state-owned energy giant PTT, will hold 82.1% of the venture.
Business messaging app Eko closes a $2 million pre-Series B strategic investment.
It will use the proceeds to invest in 10 projects including the International Air Cargo Terminal at Don Mueang International Airport.
DuraFiber is a leading Mexican maker of durable technical textiles for industry, tyre reinforcement and speciality applications that will help IVL enter the auto-parts business.
Some of Thailand’s biggest corporate names including PTT Group, CP ALL and CP Foods are hoarding cash.
GoWabi was launched in mid-2016 by ex-Rocket Internet and Ensogo entrepreneurs
The IPO proceeds will be used for expanding the business domestically and internationally.