Thai marketing platform Tellscore raising Series A for Indonesia push

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The startup will deploy around 20 per cent of the proceeds to support its expansion to Indonesia.

Sequoia India leads $3m seed funding for blockchain startup Band Protocol

The round was joined by Dunamu & Partners, an investment arm of Korean fintech company Dunamu, and SeaX, a VC fund that invests in early-stage deep tech companies.


InterContinental acquires Bangkok-headquartered Six Senses for $300m

Six Senses currently manages 16 hotels and resorts, with 18 management contracts signed in its pipeline, and over 50 more deals under active discussion.


Beacon VC leads $6.5m pre-Series A round for Thai wealthtech startup Jitta

Jitta, founded in January 2014, uses Big Data to analyze business financials and automate portfolio management.


Thai lenders TMB, Thanachart to ink MoU to merge operations by month-end

The finance ministry holds a 25.9 per cent stake in TMB, followed by ING which owns 25 per cent.


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

According to local media reports, the investors have acquired a 25 per cent stake in the startup.


Grab investor Beacon VC seeks to back global venture capital funds

Investing in global funds could help it source investments beyond Southeast Asia, such as in Europe, Israel or the US.


Krungsri Finnovate to double its fund size to back startups, VC funds

Launched in 2017, Krungsri Finnovate was set up with a corpus of $30 million, which should be entirely deployed by the end of 2019.


Thailand’s Banpu picks 21.5% stake in Japanese EV maker FOMM Corp

The investment will allow it to further expand its clean energy business in the Asia-Pacific region.


Guest post: aCommerce – trouble in paradise?

Hushed word on the street is that top lieutenants and members of the early founding team have mostly left.