Thai startups pocket record $120m funding in 2017, to see fiercer competition this year


The second half of 2017 saw Thai startups bagging plush investments, including aCommerce, which raised $65 million in a Series B round in November, Zilingo ($17 million) and Pomelo ($19 million), thereby pushing the total deal value over $100 million.

Investments in lifestyle brands a natural extension of property development biz: Sansiri’s Thavisin

The company is targeting a larger international presence and a bigger lifestyle play to fulfil its ambitions of becoming a global brand. 

Thailand: Bhiraj REIT to raise up to $159m; Asia Biomass files for IPO

After selling the trust units, the Bhiraj Office REIT will invest in assets with a value of not more than 6.6 billion baht ($203 million).

Exclusive: Thai startup mu Space plans to raise over $9.2m this year

In September 2017, mu Space became Blue Origin’s first Asian customer by signing a partnership agreement to launch its first geostationary satellite aboard the latter’s New Glenn orbital rocket.

Thailand: Nation Multimedia Group to dispose of non-core assets worth $42.8m

The company said the asset sale is part of its business restructuring plan.

TICON forms second JV with local listed firm for expansion in Indonesia

The new company, called PT Surya Internusa Timur (SIT), has an initial registered capital of $15 million.

Thai skincare product maker Do Day Dream to raise up to $123m via IPO

It would use the IPO proceeds to expand production capacity and distribution channels. It will sell a maximum of 76 million shares at 53 baht apiece, which is the highest public offering price this year. It has scheduled the first trading on December 26 under ticker symbol DDD.

Thai commercial banks may get incentives to merge, says finance minister

Thailand’s five biggest lenders are Bangkok Bank, Krung Thai Bank, Siam Commercial Bank, Kasikornbank and Bank of Ayudhya.

Thai-listed Origin Property sells 49% in Bangkok project to Nomura Real Estate

The projects aims to serve demand for quality accommodation from Japanese in Bangkok

Mojo Partners, Wavemaker lead $2.5m pre-series A in job matching portal Helpster

Prior to this round, it secured $2.1 million in seed funding from Convergence Ventures and Wavemaker in November 2016