Thai online marketplace Blisby raises $300k from East Ventures, DeNA, 500 Startups

Blisby logo

Thailand’s artisan online marketplace Blisby.com has raised $300,000 fund from a group of investors, and plans to used these funds for expansion into other ASEAN countries, promote Blisby products and sellers at an international level and to create new features for users.

Blisby’s founder Phuvadol Thongthavorn announced that the fund raising was led by East Ventures and DeNa, joined by 500 Startupsfunds- 500 Tuk Tuks and 500 Durians.

According to Thongthavorn, Thailand’s culture is steeped with beautiful traditional arts and crafts and Blisby was created as a place where the old and the new ideas meet. “I thought if I could build this online community and tools that the users need, I can step aside and the community will nurture itself,” he said.

Also read: 500 Startups to launch $10m Thailand-dedicated fund

He says that he was surprised at the number of investors showing interest in Blisby, a few months after its launch. Before this funding, Blisby had joined Google Developers Startup Launch Program in February and also got awarded $100,000 in Google Cloud Platform credits.

In March, it claimed that it had 350,000 monthly active users with 1 million monthly pageviews with a growth of 20 per cent every month.

“The model is obviously not a new one, but what stood out about Blisby was the CEO. When I invest in a company, I like to ask myself whether I would want to work for the founder. In Phuvadol’s case, the answer was ‘yes, definitely’,” said James Riney from DeNA.

Thongthavorn said that the company was analysing the overseas markets and it was possible to start from Indonesia or Malaysia. At the same time, he will focus on developing features, tools and adding value to attract targeted users who sell their products on other marketplaces such as Etsy, Facebook and IG.

Also read: Oddle secures $718k in funding round led by East Ventures

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.