Flash Group, the company behind the leading express delivery service Flash Express in Thailand, has closed a combined US$150 million in its Series D+ and Series E rounds.
SCB10X, the corporate VC arm of Siam Commercial Bank, led the Series D+ round, with additional investment from Thailand’s Chanwanich Security Printing Company.
Buer Capital, a Singapore-based Founder’s Fund, led the Series E round. Existing investors SCB10X, eWTP Capital, PTTOR, TCP Group’s Durbell, Krungsri Finnovate also joined this round“
We will concentrate on our original intention to begin the business expansion in Southeast Asia first. The COVID-19 situation may be a challenging obstacle for us, yet we will continue to move forward with an expectation for a solid development plan in Q4, 2021 after some business will be launched in Southeast Asia,” CEO Komsan Lee said.