Mr Pawoot said the new fund aims to invest in startups with an investment range of 5-65 million baht per deal. Somchai Poomlard
Krungsri Finnovate, a corporate venture capital arm under Bank of Ayudhya, has joined forces with Pawoot Pongvitayapanu, founder of e-commerce solution provider Tarad.com, to set up a 1-billion-baht trust fund to invest in early-stage startups.
In 2022, Thailand saw 61 investment deals worth US$312 million in local startups. Since the start of this year, three investment deals have been reported with a total of $10 million in funding.
“By the second quarter, the new trust fund will operate with 1 billion baht for fundraising,” said Mr Pawoot, who is also an angel investor. Mr Pawoot has invested in…
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