Krungsri Finnovate
Established in 2017, Krungsri Finnovate is a corporate venture capital firm based in Bangkok, Thailand. It focuses on strategic investments to support startups' growth, with a USD150 million fund dedicated to domestic and international startups related to its business or customers. The firm invests primarily in the information technology sector, including e-commerce, fintech, blockchain, AI, and cybersecurity.
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Past deals in Myanmar
Grab
Series I in 2020
Grab is a Southeast Asia-based mobile platform that integrates ride-hailing, food and grocery delivery, and financial services, connecting drivers, merchants, and customers through a single app. It operates in Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, and Myanmar, and holds a leading market share in ride-hailing and food delivery, with 89% of revenue derived from these core businesses. The company also offers payments, consumer loans, and enterprise financial services. It charges commissions to both riders and merchants as it links them with consumers. Founded in 2012 by Anthony Tan and Tan Hooi Ling, Grab is headquartered in Singapore and maintains offices in Seattle, Beijing, Bangalore, Jakarta, and Vietnam. In 2024, Singapore, Indonesia, and Malaysia together contributed more than 70% of revenue.
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