aCommerce, a Thai-based ecommerce service provider, rased $5m in funding. Backers included Ardent Capital, Sinarmas and Inspire Ventures. The company, which previously raised $10.7M (in June 2014) and is now preparing a larger Series B round in the second half of 2015, intends to use the funds to build out its tech platforms and grow […]

500 Startups, the Mountain View, Ca.-based seed investment firm and accelerator, launched a $10m fund focused on Thailand. According to TechCrunch, the vehicle will be called 500 TukTuks and will focus on investing in startups in Thailand. The firm, which has backed over 800 startups in more than 40 countries, had previously launched 500 Durians […]

Global online food delivery marketplace Foodpanda acquired 8 competitors to expands its leadership in India, Malaysia, Singapore, Philippines, Pakistan, Hong Kong, Thailand, and in Middle East. It acquired: – JUST EAT India in India (which follows the purchase of TastyKhana in November), – Food Runner, in Malaysia, Philippines, and Singapore, – EatOye in Pakistan, – […]

Infinity Levels Studio, a Thailand-based gaming startup, raised $500k in funding. InVent, a venture arm of Intouch Holdings PCL, made the investment. The company intends to use the funds to invest in its Ranch Run, and launch two titles in 2015. Founded in 2013 by Nikki Assavathorn, CEO, Infinity Levels Studio produces mobile games including […]