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

Image from Infofed's Facebook page

Bangkok-based eSports startup Infofed has secured an undisclosed amount of seed funding from Singapore-based venture capital firm KK Fund and Thailand-based marketing platform Event Pop.

Bangkok Post separately reported that the investors have acquired a 25 per cent stake in the startup.

Infofed has developed the country’s first eSports platform, eArena. Following its first-ever University E-Sports Championship (UEC) in Thailand last month, the startup is preparing to launch the second season of the full-scale university eSports league in Cambodia, Laos, Malaysia, Vietnam and Thailand.

Infofed’s chief executive and founder Jirayod Theppipit told local media that the firm is targeting revenue growth of 20 per cent this year in line with the growth trend in the eSports market.

Theppipit said Thailand currently has at least 10 million gamers, of which half are serious contenders for playing in competitions. Also, the country is estimated to generate around 150 million baht ($5 million) in revenue from more than 50 eSports competitions held last year.

The eSports market is estimated to be worth around $1 billion globally. The United States represents 30 per cent and Asian countries, mainly China and South Korea, account for up for 40 per cent.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.