Thailand-based Flash Express has raised a combined $150 million in its Series D+ and Series E rounds, the company said in a statement.
The funding rounds valued the third-party logistics provider at over $1 billion, the company told DealStreetAsia without specifying the exact amount. This makes Flash Express Thailand’s first unicorn.
Flash Express’ Series D+ round was led by SCB10X, the venture capital arm of Thailand’s Siam Commercial Bank (SCB) with participation from Thailand’s Chanwanich Security Printing Company. The first tranche of the Series D round was in October last year when the company raised $200 million.
Its latest Series E round was led by the Chinese venture capital firm Buer Capital and existing investors SCB10X, Alibaba’s eWTP Capital, PTT Oil and Retail, and TCP Group’s Durbell. Krungsri Finnovate, the VC arm of Thai bank Krungsri, also participated in…
