Flash Group, which provides e-commerce logistics services, including the delivery service Flash Express, recently raised 15 billion baht in its Series F funding round as it gears up to expand business overseas and drive its live-commerce business.
The startup unicorn said it has become the leader of the express delivery market as it handled 700 million parcels last year. It set its sights on launching an initial public offering (IPO) within three years.
“We have already secured Series F funding from existing investors with 15 billion baht,” said Komsan Lee, chief executive of Flash Group, which is now valued at 70 billion baht.
The new funding will be used to invest in automation and overseas expansion in Asean.
The company now has express delivery services in Thailand,…
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