THE START-UP funding provider 500 TukTuks is expanding its fund size to US$15 million (Bt520 million) from $12 million to invest in and groom nearly 60 tech start-ups in Thailand over two years.
Krating Poonpol, fund manager, said yesterday that after the two years end, the company would launch Fund II, but he could not disclose its size yet.
Since debuting in Thailand, 500 TukTuks has invested in 20 local tech start-ups.
It plans to disclose its Batch 3 investment by the end of this year.
“We usually invest in seed funding and Series A funding with $100,000 up to $250,000 each,” he said.
Here are examples of companies in 500 TukTuks’ portfolio:
Piggipo: A mobile application that helps you track all your credit-card spending.
GizTix: An online marketplace for logistics/shipping services in Southeast Asia.
T2P DeepPocket: An e-wallet for unbanked individuals with social financing capability.
Ginja: Thailand’s first 24/7 on-demand food and convenience delivery service.
Ticketbox: A ticketing platform allowing everyone to create events and sell tickets.
Finnomena: A crowd-sourced service where investors can find unbiased articles and research, social trading and goal-driven investment tools.
OneStockHome: An online platform providing building materials with trustworthy services and competitive price.
Skilllane: An online education platform where experts can list their courses and students can learn anywhere, any time.
StockRadars: An application that helps you invest and source stocks by using the entire market data to analyse and indicate stocks that match criteria.
The 10 start-ups in its first investment batch were Omise, |a payment gateway, Claim Di, Flowaccount accounting for small and medium-sized enterprises, Skootar, Hubba co-working-space service, Wishbeer, Blisby, Styhunt e-commerce platform, Washbox and TakeMeTour.