By Chalida Ekvitthayavechnukul
The move could lead to a co-investment between AddVentures and startups in series A round.
The Japanese firm holds 49% in the JV.
As part of the deal, JWD also acquired a management team with expertise in freight forwarding.
The sale was part of efforts by the Anglo-Dutch company to reduce its debt burden.
The prospective tie-up is the latest effort by Asian nations to modernize the payment process.
The company expects to buy into a cold storage firm in Indonesia and a freight forwarder in Vietnam.
The deal is in the due diligence process.
Drivemate plans to launch new services and expand in neighbouring countries.
Rich Sport joins 14 other companies that have submitted their IPO filings
He plans to close the first round at $30 million in the next six to nine months.