Kasikorn Bank invests in Tee Entertainment, Zinco

K-SME Venture Capital Company, a subsidiary of Kasikorn Bank (KBank), will be investing   $1.5 million in two SMEs – Tee Entertainment Company and Zinco Living Company.

Of the total amount, 45 million baht ($1.38 million) will be invested in Tee Entertainment, representing 33.83% of the company’s registered capital of 26.6 million baht (around $818,000).

Tee Entertainmentnis an event management firm (organises events and concerts) that also offers advisory services for marketing strategies, including digital and online marketing management. It has recently diversified into hospitality and retail. The company operates two food outlets- a noodle restaurant named “Sabadsen” and a 24-hour restaurant under “T24” brand located in The Sense Pinklao project. It also produces and distributes goods under the concept of fast-moving consumer business.

About four million baht (around $123,000) will be invrsted in Zinco Living, which is a garden designer and gardening equipment supplier under the brand “DOGO”. It also imports and distributes “VIVOBAREFOOT” and “SKORA” barefoot shoes. With this investment, K-SME holds 31.01% of the company’s current registered capital of 12.9 million baht ($396,923).

Khao Kla’s managing director Patamaporn Chaiyakool said that the bank had a policy to invest no more than 50% of each company’s registered capital, for a period of three to five years.

“During that, we will let the companies operate their business independently, and we will only assist them as a financial partner. However, we adhere to our risk management principles by investing in each company with not exceeding one-third of its total capital,” she said.

So far, KBank is the only bank in Thailand that offers venture capital through K-SME Venture Capital Company. The fund is managed by Khao Kla Venture Capital Management, helps select promising SMEs for investment, while providing alternative funding to strengthen SME businesses.

Khao Kla was established in 2007 to manage funding for K-SME Venture Capital with the policy to provide SMEs with funding choices beyond loans.

The selected SMEs will receive financial facilities and advisory service on business operations from Khao Kla. About 19 SMEs have received funding with a combined value of 430 million baht ($13.2 million) from the VC

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.