Thailand, a nation with a rich history of innovation and entrepreneurship, has witnessed an incredible surge in the number of unicorns – privately held start-up companies valued at over $1 billion – in recent years. With the rapid growth of the Thailand economy and the rise of disruptive technologies, these 3 unicorn companies have become the driving force behind the nation’s rise as a global powerhouse.
So without any delay, let’s get started and discover the world of Thailand’s unicorn companies!
List of 3 Unicorns in Thailand
1. Ascend Money
Thai fintech company providing digital financial services and mobile payments
Company Details:
- Valuation: $1.50B
- Investors Name: Ant Group, Charoen Pokphand Group, Bow Wave Capital
- City: Bangkok
- Industry: Fintech
- Total Funding Raised: $150M
- Founded Year: 2013
- Joined Unicorn Club: 9/27/2021
- Total Investors:
- Total Deal Terms: 1
- Website: https://www.ascendmoney.com/
2. LINE MAN Wongnai
Thai on-demand delivery and food review platform operating under the LINE group
Company Details:
- Valuation: $1.00 B
- Investors Name: BRV Capital Management, Bualuang Ventures
- City: Bangkok
- Industry: E-commerce & direct-to-consumer
- Total Funding Raised: –
- Founded Year: –
- Joined Unicorn Club: 9/26/2022
- Total Investors:
- Total Deal Terms: –
- Website: https://lineman-wongnai.line.me/
3. Flash Express
Flash Express is a Thai logistics company that provides fast and reliable delivery services to businesses and individuals.
Company Details:
- Valuation: $1B
- Investors Name: SCB 10X, Krungsri Finnovate, eWTP Capital
- City: Bangkok
- Industry: Supply chain, logistics, & delivery
- Total Funding Raised: $360M
- Founded Year: 2017
- Joined Unicorn Club: 2/1/2021
- Total Investors:
- Total Deal Terms: 2
- Website: https://www.flashexpress.co.th/en
Conclusion
In conclusion, Thailand’s top 3 unicorns showcase the nation’s innovative power and economic growth. These companies are making a global impact and reshaping industries. Keep an eye on these trailblazers, as they continue to redefine success in the ever-evolving world of innovation.