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Thailand-based Flash Group, which provides e-commerce logistics services, including the delivery service Flash Express, has become the first Thai unicorn start-up after recently raising US$150 million (4.6 billion baht) in Series D+ and E funding.
The Thai economy witnessed the birth of three unicorn companies this year -- Flash Express, Ascend Money and Bitkub Online -- debunking the belief that the country doesn't have the supporting ecosystem for unicorn startups to thrive.
Thailand-based Flash Group, which provides e-commerce logistics services, including delivery service Flash Express, has become the first Thai unicorn startup after recently raising US$150 million (4.6 billion baht) in Series D+ and E funding -- just three years into operations, according to the company's owner.