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B Y B A R T, B A N G KO K E N T R E P R E N E U R S
Wednesday 2nd November 2016
Royal Orchid Sheraton, Bangkok.
Coming up:
Wednesday 2nd November 2016
Royal Orchid Sheraton (Riverside hotel), Bangkok.
A Showcase ofThailand’s Mobile Industry!
Buy...
This is an informal, non comprehensive document
that is meant for information only.
Opinions expressed here are solely my ...
About Us 05
Introduction 06
Thailand in Numbers 07
Thai and Foreign Startups 10
Mergers & Acquisitions 12
Series C 17
Seri...
Bangkok Entrepreneurs
Monthly Business Networking Event for All
http://www.meetup.com/Bangkok-Entrepreneurs
Startup Grind ...
6 months have passed since the last report and so much has happened in the Thai
Tech Startup industry! Seed Funds,Acquisit...
 2nd Largest Economy (after
Indonesia)
 Strategic Location
 2nd Tourism Destination
24.7MTourist Arrivals in 2014
(afte...
 6 International Airports
 Direct flights from Bangkok to all countries in Asia and most countries in Europe and North
A...
SOUTHEAST ASIA: 11 COUNTRIES AND > 620 MILLION PEOPLE
Thailand Rank in SEA
 Population: 68 Million 4th after Indonesia, P...
TARIN THANIYAVARN, CCO at Lazada Thailand
JULIEN CHALTE, Co-Founder and Managing Director at WearYouWant.com
Bangkok is not there (yet)… But we do have some success stories!
Source: Compass
ALI FANCY, CEO at Zalora Group
( IN NO PARTICULAR ORDER )
Agoda: Online Hotel Booking.
 1997: Founded by Michael Kenny and Robert Rosenstein,
 2007: Ac...
 2007: Founded,
 2011: Acquired by Property Guru (Singapore) for
THB 80 Million (US$ 2.2M).
http://www.propertyguru.com....
Luxola: Cosmetics e-commerce startup.
 2011: Founded by Alexis Horowitz – Burdick,
 2015: Acquired by beauty products gi...
Jan 2016: Moxy, the women-focused ecommerce site
with roots in Thailand announces its fusion with
Indonesian mom and baby ...
AUNG KYAW MOE, Founder and CEO at 2C2P
 2003: Founded byAung Kyaw Moe,
 2011: Series A: US$ 1 Million,
 2014: Series B: US$ 2 Million,
 2015: Series C: US$ 7...
JULIEN CHALTE, Co-Founder and Managing Director at WearYouWant.com
 2011: Founded by Moo Natavudh and 2 others,
 2012: Series A: US$ 2 Million (Invent),
 2014: Series B: US$ 7 Million (T...
Wongnai: Thailand-based restaurant review website and mobile
application, much like Yelp in the US.
Current Funding: Unkno...
PAUL MCTAGGART, Founder and CEO at Medical Departures
 2012: Founded by Robert Zepeda,
 2014: Seed: US$ 770,000 from 500 Startups,Ardent Capital, Axis
Capital,
 2015: Series...
 2013: Founded by Paul andTom Srivorakul and 2 others,
 2013:Venture: US$ 3.1 Million from CyberAgentVentures and
NTT DO...
Pomelo Fashion: Online Fashion Retail.
 2014: Founded by David Jou and Casey Liang
 2014: Pre-Series A: US$ 1.6 Million ...
ClaimDi.com (Anywhere to Go): Mobile App for Car Drivers.
 2000: Founded by Kittinan Anuphan,
 2014: New version of Clai...
StylHunt: Search for Online Shops You Can Trust.
 Apr 2014: Founded by Surawat Promyotin, Phiraphon Penmas,
Pitchapol Pen...
LUSARUN SILPSRIKUL, CEO of Softbaked (Page365)
 2009: Founded by Patai Padungtin, Pongsawat Krishnamra and
Teeraboon Ariyasuthiwong,
 2013: Seed: Raised an undisclosed...
 2013: Founded by Nikki Assavathorn andTanapon Petapanpiboon,
 2014: Seed: US$ 500,000 from InVent.
Infinity Levels:Game...
 2013: Founded by PhuvadolThongthavorn,
 2015: Seed: US$ 300,000 from EastVentures, DENA and 500 Startups
(500TukTuks + ...
Current Funding: US$ 500,000
Event Pop: Thailand`s event organizing and management
startup.
 June 2015: Founded by Pattar...
Zilingo: Mobile Marketplace.
 Apr 2015: Founded by Ankiti Bose and Dhruv Kapoor,
 Nov 2015: Seed: US$ 1.88 Million from ...
Nov 2015: These 5 Startups received a seed investment by
500 TukTuks (the Thai branch of 500 Startups),
but the amount has...
2016: These 10 Startups received a seed investment by 500
TukTuks (the Thai branch of 500 Startups), but the amount is
sti...
VEE LERTSAROJ, Co-Founder at 425Degree.com
Passion Delivery: “Artisan Food” Delivery Service.
They already got traction and are on their way to seed funding.
WorkVen...
And many more out there!Contact us if you think you should be mentioned here!
( IN NO PARTICULAR ORDER )
SANTIT JIRAWONGKRAISORN, Co-Founder and Managing Director at Lalamove (EasyVan)
They quickly outsmarted EasyTaxi and Uber
to become the number oneTaxi App in
Thailand.
They bought their main competitor ...
Happy Fresh: Online Grocery Shopping, coming
from Malaysia, with a lot of cash (US$ 12M
A).
Chope: Restaurant Booking Webs...
honestbee: An online concierge grocery delivery service coming
from Singapore with a lot of cash (US$ 15M Series A).
FELICIA MOURSALIEN, Group Director Research & Communications at aCommerce
Dreamaker and Dreamaker Equity
Dreamaker is a Thailand-based crowdfunding platform that allows
individuals or startup comp...
 Founded in 2011 (Srivorakul brothers + others),
 Geography:Thailand and SEA
 Investment Size: US$2,500,000 to US$12,00...
 Founded in 2010 by Dmitry Levit,
 Geography: Singapore and SEA,
 Investment Size: N/A,
 Investments inThailand: WearY...
True Incube is managed by True Corporation and
is partnering with 500 Startups. Every startup
accepted into their Incubato...
SAM LOKE, Managing Director at Pan Asia Logistics
NICKY SURAPAITOON, Country Manager Thailand at Tapp Commerce
Tech Blog
Techsauce is an association between the ‘Thumbsup’ and
teams.
Most articles are in Thai. Some are in English or ...
Sukhumvit Area:
Sukhumvit Line
Nana Asok Phrom Phong Thong Lo Ekamai
Silom/Sathorn Area:
Silom Line
Siam Ratchadamri Silom...
C-Asean: C-Asean is a business community, an event organizer, a
venue for third-party events, and more.
Thailand Tech Star...
Sasin Graduate Institute of Business Administration:
MBA, Executive MBA, Entrepreneurship Course, Startup Events, etc.
ICE...
Thailand Board of Investment: Supports business and investments in
Thailand and grants special incentives to companies tha...
EGA: “The Electronic Government Agency (Public Organization) takes the roles
to develop and integrate information and comm...
Wednesday 2nd November 2016
Royal Orchid Sheraton (Riverside hotel), Bangkok.
A Showcase ofThailand’s Mobile Industry!
Buy...
RATHIYA JINN ISSARACHAIKUL, Manager SMB at Facebook Thailand
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Thailand Startup Ecosystem Q3 2016

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This is the third version of the Thailand Startup Ecosystem Report, by Bangkok Entrepreneurs. This report has for ambition to provide a comprehensive overview of the current startup ecosystem in Bangkok and in Thailand. It will tentatively be published every quarter or so. We welcome your comments and questions.

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Thailand Startup Ecosystem Q3 2016

  1. 1. B Y B A R T, B A N G KO K E N T R E P R E N E U R S Wednesday 2nd November 2016 Royal Orchid Sheraton, Bangkok. Coming up:
  2. 2. Wednesday 2nd November 2016 Royal Orchid Sheraton (Riverside hotel), Bangkok. A Showcase ofThailand’s Mobile Industry! Buy your ticket now! www.thailandmobilesummit.com
  3. 3. This is an informal, non comprehensive document that is meant for information only. Opinions expressed here are solely my own. Use at your own risk. Note:This report will tentatively be updated and published every quarter. If you think that you should be in it, please get in touch. Bart Bangkok Entrepreneurs Co., Ltd.
  4. 4. About Us 05 Introduction 06 Thailand in Numbers 07 Thai and Foreign Startups 10 Mergers & Acquisitions 12 Series C 17 Series B 19 Series A 22 Seed Funding 28 MoreThai Startups 36 Foreign Startups 39 Finance & Funding 43 Resources and Organizations 48 Note:Click on company logos to access their website.
  5. 5. Bangkok Entrepreneurs Monthly Business Networking Event for All http://www.meetup.com/Bangkok-Entrepreneurs Startup Grind Bangkok Monthly Business Event for the Tech Community https://www.meetup.com/Startup-Grind-Bangkok Bangkok Entrepreneurs Co., Ltd. is an event management company that organizes conferences, meetups and workshops in Bangkok. Our ambition is to bring together Entrepreneurs, Managers, Business Leaders and all other Professionals on one platform to interact and widen their professional network. Our major networking events and conferences are Bangkok Entrepreneurs (Bangkok’s largest business networking group), Startup Grind Bangkok (a monthly networking event for the tech community), Thailand Startup Summit 2016 (an all-day Tech & Startup conference) and Thailand E- Commerce Summit 2016 (an all-day event on E-Commerce). Bangkok Entrepreneurs next conference “Thailand Mobile Summit 2016” is scheduled on 2nd November, 2016. We partner with business and tech related third-party events in Thailand and SEA (Echelon, I0T Show, IoT Platform, Slush, Millennial 20/20, Luxury Travel Conference, etc). We also help other event organizers by providing venues, speakers and other related services.
  6. 6. 6 months have passed since the last report and so much has happened in the Thai Tech Startup industry! Seed Funds,Acquisitions, new startups… we have had it all.. BART MEDICI, Founder and Managing Director at Bangkok Entrepreneurs As we mentioned in our first edition (in October 2015), our ambition with this report is to provide a comprehensive overview of the current startup ecosystem in Bangkok and inThailand. We don’t pretend to be exhaustive and objective, but we do try to be accurate and fair. Some of the breakthrough acquisitions also happened this year with the major ones being: Acquisition of Luxola by Sephora, Lazada by Alibaba and Zalora by Central Group,Thailand. Find all the details in the following pages. This report will be updated every quarter or so. If you have a comment, a question, an addition, a correction or anything else to report, don’t hesitate to get in touch. Thank you for reading. Bart, Bangkok Entrepreneurs.
  7. 7.  2nd Largest Economy (after Indonesia)  Strategic Location  2nd Tourism Destination 24.7MTourist Arrivals in 2014 (after Malaysia with 27.4M)  Best Cost of Life / Development Ratio. Source: http://data.worldbank.org/country/thailand | https://en.wikipedia.org/wiki/World_Tourism_rankings
  8. 8.  6 International Airports  Direct flights from Bangkok to all countries in Asia and most countries in Europe and North America  Low-cost flights (NokScoot, Air Asia, Tiger Airways, etc.) and cheap ground transportation (Airport Rail Link,Taxi, etc.) NokScoot is a new Joint Venture of Thailand’s Nok Air and Singapore based Scoot. FlightTime: 1hr 2hrs 3hrs 4hrs 5hrs 6hrs 7hrs
  9. 9. SOUTHEAST ASIA: 11 COUNTRIES AND > 620 MILLION PEOPLE Thailand Rank in SEA  Population: 68 Million 4th after Indonesia, Philippines andVietnam.  GDP (Nominal): 395.28 Billion 2nd after Indonesia.  Mobile Connections: 97 Million 4th after Indonesia,Vietnam and Philippines.  Mobile Penetration: 150% 2nd after Singapore.  Internet Users: 24 Million 4th after Indonesia, Philippines andVietnam.  Internet Penetration: 37% 5th after Singapore, Malaysia Philippines andVietnam.  Social Media Users: 32 Million 3rd after Indonesia and Philippines Source: http://data.worldbank.org/country/thailand | http://www.slideshare.net/wearesocialsg/digital-social-mobile-in-2015
  10. 10. TARIN THANIYAVARN, CCO at Lazada Thailand JULIEN CHALTE, Co-Founder and Managing Director at WearYouWant.com
  11. 11. Bangkok is not there (yet)… But we do have some success stories! Source: Compass
  12. 12. ALI FANCY, CEO at Zalora Group
  13. 13. ( IN NO PARTICULAR ORDER ) Agoda: Online Hotel Booking.  1997: Founded by Michael Kenny and Robert Rosenstein,  2007: Acquired by Priceline.com (USA). https://www.agoda.com/info/priceline.html Sanook.com: Web Portal.  1998: Founded by Poramate Minsiri,  2010: Co-owned by Tencent (49.92% for US$ 10.5 million) (China) and MIH Naspers (RSA). http://www.businessinsider.com/tencent-invests-sanook-2010-8  1999: Founded by Pawoot Pongvitayapanu,  2009: Acquired by Rakuten (67%) (Japan). http://corp.rakuten.co.jp/ir/releases/pdf/2009/2009_09_30_02.pdf Tarad.com: E-Commerce.  2010: Founded by Paul, Tom, and John Srivorakul,  2011: Acquired by Living Social (USA). http://www.prnewswire.com/news-releases/livingsocial-acquires-three-international-deal-sites- launches-in-the-netherlands-124589548.html Ensogo: Daily Deal Site.
  14. 14.  2007: Founded,  2011: Acquired by Property Guru (Singapore) for THB 80 Million (US$ 2.2M). http://www.propertyguru.com.sg/property-management-news/2011/7/30846/propertyguru- acquires-thailand-s-ddproperty DD Property.com: Real Estate Portal. ThinkOfLiving: Real Estate Portal.  2011: Founded by BeamToranavikrai and 3 others,  2015: Acquired by iProperty Group (Malaysia) for US $4.43 million in cash and 675,570 new ordinary shares in the iProperty Group. http://www.iproperty-group.com/news-room/press-releases/australia/thinkofliving-com- acquisition-complete-iproperty-group-now-owner-and-operator-of-thailands-number-one- real-estate-portal Paysbuy: Online Payment Provider.  2004: Founded by Aung Kyaw Moe and Somwang Luangphaibooonsri,  2008: Acquired by Dtac (Thailand). https://www.techinasia.com/online-payment-provider-paysbuy-celebrates-10year- anniversary-plans-launch-4-services/ The only one acquired by a local company! ( IN NO PARTICULAR ORDER )
  15. 15. Luxola: Cosmetics e-commerce startup.  2011: Founded by Alexis Horowitz – Burdick,  2015: Acquired by beauty products giant Sephora. Lazada: A leading e-commerce platform in South East Asia.  Mar 2012: Founded by Arthur Lavergnee, Adrien Cohen, Stefab Bruun, Oliver Samwer, Mark Samwer, Aimone Meana, Alexander Samwer, Michael Mitterlehner,  Apr 2016: Alibaba acquire a controlling stake with a total investment of US$ 1 Billion. Zalora: No.1 Online Fashion Store in Thailand  2012: Part of Zalora Group, founded Rocket Internet,  Apr 2016: Zalora Thailand and Vietnam acquired by Central Group of Company for undisclosed amount. ( IN NO PARTICULAR ORDER )
  16. 16. Jan 2016: Moxy, the women-focused ecommerce site with roots in Thailand announces its fusion with Indonesian mom and baby products site Bilna.
  17. 17. AUNG KYAW MOE, Founder and CEO at 2C2P
  18. 18.  2003: Founded byAung Kyaw Moe,  2011: Series A: US$ 1 Million,  2014: Series B: US$ 2 Million,  2015: Series C: US$ 7 Million from AmunCapital and GMOVenture Partners. 2C2P: Payment Service Provider. Current Funding: US$ 10 Million
  19. 19. JULIEN CHALTE, Co-Founder and Managing Director at WearYouWant.com
  20. 20.  2011: Founded by Moo Natavudh and 2 others,  2012: Series A: US$ 2 Million (Invent),  2014: Series B: US$ 7 Million (Transcosmos) for 10% shares,  2015: LaunchedOokbee Mall, as a JointVenture withTranscosmos and US$ 5 Million. Ookbee.com: Digital Publication Platform Current Funding: US$ 9 Million  2011: Founded by Julien Chalte and MartinToft Sorensen  2014: Series A: US$ 1.5 Million from Digital Media Partners (DMP)  Sept 2015: Series B: UndisclosedAmount from Japanese e- commerce firm StartToday Co. Ltd.  Feb 2016: Final Series B round from Sebrina Holdings. WearYouWant.com: E-Commerce Current Funding: Unknown Current Funding: US$ 5 Million Playlab: Video game studio  2012: Founded by Jakob Lykkegaard Pedersen andThomas Andreasen,  Oct 2015: Series B: US$ 5 Million from Monk’s HillVentures. ( IN NO PARTICULAR ORDER )
  21. 21. Wongnai: Thailand-based restaurant review website and mobile application, much like Yelp in the US. Current Funding: Unknown  July 2013: Founded by Yod Chinsupakul and Pattrawoot Suesatayasilp,  2013: Series A: US$ 500,000 from Japan`s Recruit Strategic Partners (RSP),  2014: Raised another undisclosed amount from Japan`s Recruit Strategic Partners (RSP),  April 2016: Series B: Undisclosed Amount from Intouch Holding`s venture-capital arm, InVent. Current Funding: Over US$ 20 Million Omise: Payment Gateway.  2013: Founded by Jun Hasegawa and Ezra Don Harinsut,  2014: Seed: US$ 300,000 from East Ventures,  May 2015: Series A: US$ 2.6 Million from SMDV, 500 Startups and others,  Oct 2015: “Expansion” round: Undisclosed amount from Golden Gate Ventures used to expand to SEA,  Jul 2016: Series B: US$ 17.5 Million from SBI Investment, Golden Gate Ventures, Sinar Mas Digital Ventures and Ascend Venture Group. ( IN NO PARTICULAR ORDER )
  22. 22. PAUL MCTAGGART, Founder and CEO at Medical Departures
  23. 23.  2012: Founded by Robert Zepeda,  2014: Seed: US$ 770,000 from 500 Startups,Ardent Capital, Axis Capital,  2015: Series A: US$ 1.85 Million from InVent and CherubicVentures. Playbasis: Social Engagement & Gamification. Current Funding: US$ 2.6 Million  2012: Founded by Korawad Chearavanont and David Zhang,  2014: Seed: US$ 1 Million from 500 Startups,TigerLabs and WaveMaker Partners,  2015: Series A: US$ 5.7 Million from Gobi Partners. EkoApp: Enterprise communications platform. Current Funding: US$ 6.7 Million Current Funding: US$ 2.5 Million Medical Departures: A medical service marketplace that helps patients find, compare & book medical appointments around the globe.  Mar 2016: Series A: US$ 2.5 Million from CyberAgent Ventures, DMPVC, Hubert Burda Media, OPT SEA. ( IN NO PARTICULAR ORDER )
  24. 24.  2013: Founded by Paul andTom Srivorakul and 2 others,  2013:Venture: US$ 3.1 Million from CyberAgentVentures and NTT DOCOMOVentures,  2014: Series A: US$ 10.7 Million from InspireVentures, Ardent Capital and more,  2015:Venture: US$ 5 Million from InspireVentures, Ardent Capital and more,  2016: Pre-series B: US$ 10 Million from MDIVentures, Blue Sky VentureCapital and DKSH. aCommerce.asia: e-commerce solutions. Current Funding: US$ 28.8 Million Sinoze.com:Game Studio.  2012: Founded,  Mar 2015: Series A: US$ 750,000 from InVent. Current Funding: US$ 750,000 Computerlogy.com:Software Development and Social Media Integration.  2009: Founded by Kamolsit Mongkolsrisawat, Jakkris Kietpermsak andVachara Aemavat,  2013: Series A: US$ 932,000 from InVent.  Aug 2015Acquired byYello Mobile! Current Funding: US$ 932,000 ( IN NO PARTICULAR ORDER )
  25. 25. Pomelo Fashion: Online Fashion Retail.  2014: Founded by David Jou and Casey Liang  2014: Pre-Series A: US$ 1.6 Million from Jungle Ventures, 500 Startups and others,  July 2015: Series A: Undisclosed amount from Jungle Venture, Hong Leong Financial Group, Toivo Annus, 500 Startups and others. Current Funding: Over US$ 1.6 Million Priceza.com: Shopping Search Engine and Price Comparison Shopping Site.  2010: Founded by Thanawat Malabuppha,  2013: Series A: Undisclosed amount from CyberAgent Ventures. Expansion to Indonesia,  2015: Expansion to Singapore, Malaysia, Philippines and Vietnam. Current Funding: Unknown ( IN NO PARTICULAR ORDER )
  26. 26. ClaimDi.com (Anywhere to Go): Mobile App for Car Drivers.  2000: Founded by Kittinan Anuphan,  2014: New version of ClaimDi.com for consumers,  2014: Seed: Undisclosed amount from 500 Startups, Golden Gate Ventures and others,  Nov 2015: Series A: US$ 2M from Cyber Agent Venture, 500 Durian, 500 Startup, GoldenGate Venture, Dtac, DoubleA, and 2 Thai private investors. Current Funding: Unknown Hubba: Co-working space and Tech community.  2012: Founded by Amarit and Charle Charoenphan,  Oct 2015: Pre-Series A: US$ 350,000 from 500 Durians, 500 Tuk Tuks, Golden Gate Ventures, Ardent Capital and several local Angel investors. Current Funding: US$ 350,000 Stamp: Creator of a multi-factor authentication device.  Nov 2015: Series A: Undisclosed amount from Altpoint Ventures and Golden Gate Ventures.Current Funding: Unknown ( IN NO PARTICULAR ORDER )
  27. 27. StylHunt: Search for Online Shops You Can Trust.  Apr 2014: Founded by Surawat Promyotin, Phiraphon Penmas, Pitchapol Penmas, Methee Treewichian and Kongkiat Supagitjongjaroen,  Jan 2016: Pre-Series A: US$ 500,000 from Cyber Agent Venture, 500 TukTuks, Expara Ventures, Singapore Angel Network, and Thai TV personality, author, and entrepreneur Paul Pattarapon Sinlapajan. Current Funding: Unknown Eatigo: Restaurant Booking Website and Mobile App.  Jul 2013: Founded by Judy Tan, Pumin Yuvacharuskul, Siddhanta Kothari, Michael Cluzel.  Dec 2015: Series A: ‘Several’ millions of dollars from undisclosed investors.Current Funding: Unknown Hotel Quickly: Last Minute Hotel Booking Mobile App.  Mar 2013: Founded by Christian Mischler, Thomas Labouka, Mario Peng, Raphael Cohen and Michal Juhas.  Aug 2013: Seeds: US$ 1.15 Million from various inverstors.  Jul 2014: Series A: US$ 4.5 Million from GREE ventures and private investor William E. Heinecke. Current Funding: US$ 5.65 Million ( IN NO PARTICULAR ORDER )
  28. 28. LUSARUN SILPSRIKUL, CEO of Softbaked (Page365)
  29. 29.  2009: Founded by Patai Padungtin, Pongsawat Krishnamra and Teeraboon Ariyasuthiwong,  2013: Seed: Raised an undisclosed amount. Builk: FREE SaaS (Software as a Service) for Construction Industry. Current Funding: Unknown Hipflat: Real Estate Portal.  2012: Founded by Grant Babinyan and Denis Nemtsev,  2013: Seed: US$ 335,000 from Crystal Horse Investments, 8capita and others,  2014-2015:Additional funding not officially announced yet. Current Funding: US$ 900,000 Page365 by Softbaked Company Limited: Social Media e-Commerce Platform.  2012: Founded byTrumph Lusarun Silpsrikul and PrathanThananart,  2014: Seed: US$ 529,000 (in 2 rounds) from GalaxyVentures and InspireVentures.  2015: Expansion toVietnam.Current Funding: US$ 529,000 ( IN NO PARTICULAR ORDER )
  30. 30.  2013: Founded by Nikki Assavathorn andTanapon Petapanpiboon,  2014: Seed: US$ 500,000 from InVent. Infinity Levels:Game Studio. Current Funding: US$ 500,000 TaamKru: Education Software.  ?: Founded by Keerati Inochanon andWicharn Manawanitjarern,  2014: Seed: US$ 620,000 from 500 Startups and others. Current Funding: US$ 620,000 ( IN NO PARTICULAR ORDER )
  31. 31.  2013: Founded by PhuvadolThongthavorn,  2015: Seed: US$ 300,000 from EastVentures, DENA and 500 Startups (500TukTuks + 500 Durians). Blisby:Online Market Place for Handmade Crafts. Current Funding: US$ 300,000 ShopSpot: Mobile ShoppingApp.  2012: Founded by Natsakon Kiatsuranon and Chawanop Witthayaphirak,  Feb 2013: Seed: US$ 628,000 from Singtel Innov8, JungleVentures, NRF and Kris Nalamlieng.  Jan 2016: Undisclosed amount from Invent Intouch (AIS). Current Funding: Over US$ 628,000 Golfdigg: Mobile app offering last-minute golf deals inThailand.  Jan 2013: Founded byWichartbhol Surapolbhichet,Thera Siricharoen.  Oct 2015: Seed:THB 23.83 Millions (US$ 673,700) from Invent Intouch (AIS).Current Funding: US$ 673,700 ( IN NO PARTICULAR ORDER )
  32. 32. Current Funding: US$ 500,000 Event Pop: Thailand`s event organizing and management startup.  June 2015: Founded by Pattaraporn Max Bodhisuwan  2016: Seed: US$ 500,000 by Singapore`s KK Fund Current Funding: US$ 500,000 Getlinks: Bangkok based startup that helps tech companies find and hire top talent.  2015: Founded by Pichaya Srifar, Popp Polpat Songthamjitti, Keenan Kwok, Djoann Fal.  Oct 2015: Seed: US$ 125,000 by 500 Startups  Mar 2016: Seed: US$ 500,000 by 500 Startups and CyberAgent Ventures. Current Funding: US$ 300,000 Fixzy: Thailand-based on-demand startup for handymen  June 2016: Seed: US$ 300,000 by three unnamed high-net- worth individuals. ( IN NO PARTICULAR ORDER )
  33. 33. Zilingo: Mobile Marketplace.  Apr 2015: Founded by Ankiti Bose and Dhruv Kapoor,  Nov 2015: Seed: US$ 1.88 Million from Sequoia India, Teru Sato of Beenext, and Freecharge’s Kunal Shah and Sandeep Tandon.Current Funding: US$ 1.88 Million NoonSwoon: Online Dating app.  2013: Founded by Kavin Asavanant, Theeranit Pongtongmuang and Peter Panas.  Sep 2013: Seed: US$ 400,000 from Golden Gate Ventures and private investors. Current Funding: US$ 400,000 ( IN NO PARTICULAR ORDER )
  34. 34. Nov 2015: These 5 Startups received a seed investment by 500 TukTuks (the Thai branch of 500 Startups), but the amount has still to be confirmed:  Washbox 24 (Dry Cleaning Service),  TakeMeTour (Connecting Tourists with Locals),  Wishbeer (Online Craft Beer Store),  Skootar (Scooter Messenger and Delivery Service),  FlowAccount (Online Accounting System for SMEs). 500 TukTuks: First Round: ( IN NO PARTICULAR ORDER )
  35. 35. 2016: These 10 Startups received a seed investment by 500 TukTuks (the Thai branch of 500 Startups), but the amount is still to be confirmed:  Fastwork (A marketplace for Freelancers.)  Piggipo (One App for All Credit Cards.)  GizTix (Marketplace to buy Logistic and Transportaion services worldwide)  T2P DeepPocket (E-Wallet, Social Wallet)  Ginja (An online food-ordering community)  Ticketbox (Easy and secured to buy and sell tickets)  Finnomena (Growing financial tech startup formed)  OneStockHome (Online construction materials)  Skilllane (An online school for young professionals)  StockRadars (Stock Analysis App) 500 TukTuks: Second Round: ( IN NO PARTICULAR ORDER )
  36. 36. VEE LERTSAROJ, Co-Founder at 425Degree.com
  37. 37. Passion Delivery: “Artisan Food” Delivery Service. They already got traction and are on their way to seed funding. WorkVenture (formerly Jobnisit): Job Board for Fresh Graduates. They offer a unique feature (they match the profiles and the jobs) and have developed a strong relationship with many universities. Dealcha: Southeast Asia's first deal sharing community and cashback website. ( IN NO PARTICULAR ORDER )
  38. 38. And many more out there!Contact us if you think you should be mentioned here! ( IN NO PARTICULAR ORDER )
  39. 39. SANTIT JIRAWONGKRAISORN, Co-Founder and Managing Director at Lalamove (EasyVan)
  40. 40. They quickly outsmarted EasyTaxi and Uber to become the number oneTaxi App in Thailand. They bought their main competitor and are rapidly expanding in the country’s major cities. The subsidiary of the Big C Supermarket Group is taking advantage of the booming E-commerce market. iflix was doing well until Netflix recently announced a global launch… ( IN NO PARTICULAR ORDER )
  41. 41. Happy Fresh: Online Grocery Shopping, coming from Malaysia, with a lot of cash (US$ 12M A). Chope: Restaurant Booking Website, coming from Singapore with also a lot of cash (US$ 11.39M in 3 rounds) and a partnership with BK Magazine. Lalamove: The delivery and moving services app launched a while ago but is still looking for a place in a very crowded market (Skootar, Deliveree, Sendit and now Grab). ( IN NO PARTICULAR ORDER ) GoBear: Online insurance portal with a very simple value proposition. The company claims to allow you to view and compare car and travel insurance policies from all major providers.
  42. 42. honestbee: An online concierge grocery delivery service coming from Singapore with a lot of cash (US$ 15M Series A).
  43. 43. FELICIA MOURSALIEN, Group Director Research & Communications at aCommerce
  44. 44. Dreamaker and Dreamaker Equity Dreamaker is a Thailand-based crowdfunding platform that allows individuals or startup companies to raise fund for their project and give back products or services in return. Launched in 2015 A local platform with regional ambitions, launched by the ‘Crowdfunding Asia’ team (Singapore). SinWattana Launched in 2015 Dreamaker Equity is the first equity crowdfunding in Thailand that helps startup companies to raise fund from general investors and give back equity of the company in return Asiola Launched in April 2015 Thailand's first crowdfunding platform supporting Thai-based ideas for entrepreneurs, community, and creativity through the arts. ( IN NO PARTICULAR ORDER )
  45. 45.  Founded in 2011 (Srivorakul brothers + others),  Geography:Thailand and SEA  Investment Size: US$2,500,000 to US$12,000,000  Investments inThailand: Hubba, aCommerce, Moxy, Whatsnew.  Founded in 2013 byTom Kim and TonyWilliams,  Geography:Thailand and SEA  Investment Size: US$200,000 to US$2,500,000  Investments inThailand: aCommerce, Page365.  Founded in 2012 by Adrian Stewart,  Geography:Thailand and SEA,  Investment Size: From US$ 10,000 to US$ 500,000  Investments inThailand: Page365, Sokochan, Ezcommerce, Arcade Plus.  BangkokTeam Established in 2015 by Krating Poonpol and Moo Natavudh.  Geography:Thailand,  Investment Size: US$10M USD micro-fund,  Investments inThailand: Omise, Hubba and Blisby.  Founded in 2012 (Same group asAISTelco),  Geography:Thailand and SEA,  Investment Size: From US$ 150,000,  Investments inThailand: Ookbee. 500 Startups ( IN NO PARTICULAR ORDER )
  46. 46.  Founded in 2010 by Dmitry Levit,  Geography: Singapore and SEA,  Investment Size: N/A,  Investments inThailand: WearYouWant.  Founded in 2010,  Geography: SEA, Japan and USA,  Investment Size: US$300,000 to US$4M,  Investments inThailand: Omise.  Founded in 2011,  Geography: Singapore and SEA,  Investment Size: US$500,000 to US$1M,  Investments inThailand:Taamkru.  Founded in 2010,  Geography: Singapore and SEA,  Investment Size: US$300,000 to US$7.5M,  Investments inThailand: Shopspot (SG based Startup).  Founded in 2011,  Geography: Singapore and SEA,  Investment Size: US$1.5M to US$6M,  Investments inThailand: Noonswoon, Hubba.  Founded in 2006,  Geography: Japan, China,Taiwan, South Korea, SEA and USA,  Investment Size: US$2.5M,  Investments inThailand: aCommerce, Stock Radars, PriceZa. ( IN NO PARTICULAR ORDER )
  47. 47. True Incube is managed by True Corporation and is partnering with 500 Startups. Every startup accepted into their Incubator program receives investment of THB 500,000 in return for certain percentage but not less than 5% of equity i4-x is the first venture-backed business accelerator based in Thailand. The accelerator is backed by Expara IDM Venture Pte Ltd, a Singapore-based multi-stage venture capital firm and a number of local investment groups. TechGrind Thailand Incubator is the 1st private Technology Incubator in Southeast Asia. dtac accelerate Batch 3 is a 4-month bootcamp that will help startups accelerate their success with world-class curricula, intensive mentoring, investment opportunity and business support from Telenor Group. The bootcamp will be running during the second half of 2015. dtac Accelerate offers support funds from THB 500,000 - 1,500,000. Consumer-centric services and enterprise solutions that leverage on mobile network services e.g. Mobile Data, Carrier Billing, Location, SMS, etc. AIS The Startup offers a THB 1 Million Reward! ( IN NO PARTICULAR ORDER )
  48. 48. SAM LOKE, Managing Director at Pan Asia Logistics NICKY SURAPAITOON, Country Manager Thailand at Tapp Commerce
  49. 49. Tech Blog Techsauce is an association between the ‘Thumbsup’ and teams. Most articles are in Thai. Some are in English or Japanese. Tech Blog All articles are in Thai. These foreign media are also covering Thailand’s Tech industry news: Tech Blog Most articles are in Thai. Some in English. Tech Blog Features articles on Thai startups and Tech events in the country. All articles in English. ( IN NO PARTICULAR ORDER )
  50. 50. Sukhumvit Area: Sukhumvit Line Nana Asok Phrom Phong Thong Lo Ekamai Silom/Sathorn Area: Silom Line Siam Ratchadamri Silom SurasakChong Nonsi Most Coworking Spaces are located in one of the two main business areas of Bangkok, near a subway or sky train station: ( BY LOCATION )
  51. 51. C-Asean: C-Asean is a business community, an event organizer, a venue for third-party events, and more. Thailand Tech Startup Association: Association of Thai Tech Startup led by Patai Padungtin (Builk) Hubba Thailand: A community of startups built around the coworking space. They organize events and training for startups. Bangkok Entrepreneurs: Organizes several networking events and Tech conferences, including Bangkok Entrepreneurs (Bangkok’s largest business networking group), WebMob (a monthly networking event for the tech community), Thailand Startup Summit 2016 (an all-day Tech & Startup conference) and Thailand E-Commerce Summit 2016. ( IN NO PARTICULAR ORDER )
  52. 52. Sasin Graduate Institute of Business Administration: MBA, Executive MBA, Entrepreneurship Course, Startup Events, etc. ICE (Institut for Creative Economy) by Bangkok University: Organizes Seminars and Workshops and provides Resources for Startups. Disrupt University: Proposes a program based on actual classes taught at Stanford University (USA) and hands on workshops with Startup advisors. ( IN NO PARTICULAR ORDER )
  53. 53. Thailand Board of Investment: Supports business and investments in Thailand and grants special incentives to companies that meet their requested criteria. Thailand Science Park: “The most attractive location in Thailand to invest in your research, development and innovation activities”. The National Science and Technology Development Agency (NSTDA) locates its headquarter and its 3,000 employees in Thailand Science Park. Software Park: Software Park Thailand offers office facilities for software companies as a part of our effort to create a software cluster and thereby allow for the exchange of experience, ideas and for forging new business alliances and technology transfer. Smart Thailand, by the Information and Communications Technology Ministry (ICT): Smart Thailand is part of the national ICT framework called 'ICT2020', a development blueprint for the country that will lead and guide all parts of the economy, especially the government sector, to move forward with ICT development. Read more here. ( IN NO PARTICULAR ORDER )
  54. 54. EGA: “The Electronic Government Agency (Public Organization) takes the roles to develop and integrate information and communication technology systems to achieve establishing e-Government which is the country's key strategy to effectively leverage government’s capabilities of management and public systems.” SIPA: Software Industry Promotion Industry. Note: They do not provide any information in English on their website. ETDA: Electronic Transactions Development Agency. Note: They do not provide any information in English on their website. NIA: “The National Innovation Agency undertakes a broad-based and systematic approach in facilitating innovation development in Thailand, both in terms of making improvements and pioneering new initiatives. More precisely, NIA focuses on fostering strategic innovation and sectoral-industry innovation, which enhances national productivity, encourages economic restructuring and social development as well as promoting national competitiveness. NIA also focuses on coordinating industrial clusters both at the policy and operational levels, promoting innovation culture and building up innovation systems, with a broader aim to transform Thailand into an innovation-driven economy.” ( IN NO PARTICULAR ORDER )
  55. 55. Wednesday 2nd November 2016 Royal Orchid Sheraton (Riverside hotel), Bangkok. A Showcase ofThailand’s Mobile Industry! Buy your ticket now! www.thailandmobilesummit.com
  56. 56. RATHIYA JINN ISSARACHAIKUL, Manager SMB at Facebook Thailand

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