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Juele Fund, an investment vehicle set up by retail snack chain Juewei Food and Alibaba-backed food delivery platform Ele.me, co-led the round
The fresh capital will be retained for operations over the next 2-3 years.
SIG has led a Series B funding round in skincare brand Cka Beauty, per a company statement on Wednesday.
Despite the impacts of Covid-19 outbreak that have affected several industries in Thailand, in the year 2021 the country still manages to see up to three startup companies becoming ‘unicorns’, a term dedicated to startups valued at more than $1 billion. These companies are Flash Group, Ascend Money and the newcomer Bitkub.
Once Flash Group has made its international debut, CEO Komsan Lee will look to take the company public, according to reports.