Flash Group raises $150M, becomes Thailand's first unicorn
Once Flash Group has made its international debut, CEO Komsan Lee will look to take the company public, according to reports.
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Once Flash Group has made its international debut, CEO Komsan Lee will look to take the company public, according to reports.
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.
The latest Series D+ and Series E funding rounds bring Flash Express's total fundraising to date to $550 million.
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Thai delivery startup Flash says raises $150 mln, becomes 'unicorn' Reuters 1 hr ago BANGKOK, June 1 (Reuters) - Thai logistics startup Flash Group on Tuesday reported its latest round of fundraising had generated $150 million, which it said pushed its overall value beyond the $1 billion mark, reflecting a surge in e-commerce demand. The new investment comes amid strong growth of online retail in Thailand at a time of prolonged coronavirus outbreaks and social restrictions. Flash Group chief executive, Komsan Lee, said among the company's next moves would be to expand elsewhere in Southeast...