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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.
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.