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Thai startups accelerate new funding rounds to expand business through COVID-19

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Post time 2021-03-11 | Show all posts |Read mode

Startup Thailand opens new funding round Break through the COVID crisis By preparing to use the proceeds to develop technologies and innovations in order to continue to expand the business both domestically and internationally.

In the past year, many startups have struggled over the COVID-19 crisis. But there are also many people who adjust their models and change themselves very quickly. Until able to create growth Ready to accelerate business model shifting To increase income from new sources

Recently, “Prachachat Business” spoke with several startups such as Ukkbetel, Scoreland, about business plans and adaptations during COVID-19, and found that each of them still had fundraising plans. More To expand business

Nuttawut Pungcharoenpong, วิธีเล่นเกมยิงปลา Chief Executive Officer and Founder of "Ookbee", said the impact of COVID-19 will be This makes it more difficult to raise funds for start-up groups. Because investors cannot travel Even being able to communicate with investors online But investors choose to delay it for large investments, or if not, it has to be divided into 2 parts.

Recently, Ookbee has divided the fundraising round into 2 rounds: the Pre-Series C round will close in the first quarter. Aiming to earn approximately 500-800 million baht for new and existing businesses, 10-15% of the proceeds will be used to expand overseas markets. And is expected to continue raising funds in the Series C round in early 2022.

While "Komsan Sae Lee", Chief Executive of Flash Express Co., Ltd., the executive of Flash Express stated that the epidemic of COVID-19 Make the e-commerce business grow But the company's investment in expanding overseas markets has to be stretched. Because of COVID as well

However, it has recently started funding Series E since the beginning of this year. And is expected to close the fundraising in April. Which is expected to raise money of at least 6,000 million baht to expand abroad It aims that in the next 5 years it will serve all countries in ASEAN. And will open other services besides freight forwarding services

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