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The launch of the fund comes on the heels of close of $1 billion fund, BRV Lotus Fund III, showcasing BRV Capital's expansion and commitment to capturing the growing alternatives markets in
Foodpanda Thailand was initially valued at $100m in the talks, Bloomberg reported.
Food delivery unicorn Line Man Wongnai is in talks to acquire Delivery Hero SE’s Foodpanda in Thailand as it plans for a stock-market debut in the next few years, according to people familiar with the discussions.
Line Man Wongnai, an on-demand service unicorn, is looking to attain profitability and list on the Stock Exchange of Thailand (SET) over the next few years while counting on digital loans to drive growth.
Line Man Wongnai, a food delivery service operator, has raised US$265 million in Series-B fundraising, enabling its valuation to surpass $1 billion and thereby achieving unicorn status.