GIZTIX raises $1.65m funding from leading venture capital firms

Corporate November 21, 2017 18:29

By The Nation

GIZTIX, Thailand’s leading logistics market-place developer, has raised US$1.65 million (Bt54 million) in Series-A funding from three major venture-capital firms – AddVentures by SCG, Wavemaker and 500 Tuktuks.



The significant move is expected to revolutionise the country’s logistics industry towards 

the digital era, aligning with the government’s “Thailand 4.0” initiative, Siasak Wongsomnuk, chief executive officer and co-founder of GIZTIX, said on Tuesday.

GIZTIX estimates the logistics industry in the region is worth more than $400 billion. 

The advent of technologies will lead to new opportunities and benefit every party, Siasak added.