500 TukTuks

500 TukTuks is a venture capital firm established in 2015 and headquartered in Bangkok, Thailand. The firm specializes in early-stage investments, focusing on sectors such as consumer products, consumer services, information technology, and real estate technology. With a particular emphasis on the fashion, beauty, and e-commerce industries, 500 TukTuks aims to support promising startups primarily in Thailand and the broader Southeast Asian region. The firm has invested in approximately 48 startups, utilizing a micro-funding strategy to provide financial support ranging from $0.075 million to $0.15 million.

Moo Natavudh Pungcharoenpong

Co-Founder and Partner

Past deals in Thailand

Globish Academia (Thailand)

Series A in 2022
Globish Academia (Thailand) Company Limited is an online English learning platform that caters to both children and adults in Thailand. Established in 2014 and headquartered in Bangkok, the company emphasizes situation-based conversational English through various formats, including live one-on-one classes, group sessions, and webinars led by international coaches. Additionally, Globish Academia offers digital platform solutions that educational institutions can integrate into their curricula, aligning with modern lifestyles. The initiative aims to enhance English proficiency among Thais, fostering global connections and addressing concerns about competitiveness in the ASEAN Economic Community. The company's mission is to empower individuals to communicate confidently in English, contributing to societal improvement through innovative educational practices.

Salary Hero

Seed Round in 2022
Salary Hero is a financial health platform tailored for the Thai workforce, aimed at enhancing employee financial well-being. The service offers a variety of financial tools, including Salary on Demand, financial education resources, budgeting tools, and high-interest savings options. By integrating seamlessly with existing HR processes, Salary Hero simplifies implementation and management, allowing employers to focus on their core operations. The platform helps reduce financial stress among employees, leading to improved financial independence and increased savings. Additionally, employers benefit from lower staff turnover, quicker recruitment, and a more engaged workforce, ultimately driving positive economic outcomes for both employees and organizations.

Funding Societies

Venture Round in 2021
Funding Societies is a digital financing company that specializes in providing loans to small and medium enterprises (SMEs) through its online platform. This platform connects individual and institutional investors with SMEs in need of financing, allowing these businesses to secure funds quickly and efficiently, often avoiding the lengthy processes associated with traditional banks. Operating in several Southeast Asian countries, including Singapore, Malaysia, Indonesia, and Thailand, Funding Societies offers a range of flexible financing options such as microloans, term loans, and invoice financing. The company employs advanced credit scoring and risk assessment models to evaluate the creditworthiness of borrowers, helping SMEs address urgent cash flow needs and support their growth objectives.

Tourkrub

Series B in 2020
Tourkrub is an online travel agent based in Thailand that specializes in outbound tour packages. The platform features a comprehensive selection of international tours, allowing users to filter and search for options that suit their preferences. With its user-friendly interface, Tourkrub enables both travel agents and tourists to browse and book tours conveniently and at competitive prices. The company aims to enhance the travel planning experience by providing a seamless shopping journey for its customers.

Bellugg

Series A in 2019
Bellugg is an on-demand luggage delivery service operating in Bangkok and Pattaya, Thailand. The company focuses on providing travelers with a convenient solution for transporting their luggage between airports and hotels. By allowing customers to leave their luggage at designated storage locations or directly at their hotels, Bellugg eliminates the need for waiting in long lines and carrying heavy bags, thereby enhancing the overall travel experience. Additionally, the service offers real-time tracking of luggage status, ensuring peace of mind for users. Through its platform, Bellugg aims to streamline the travel process, making it easier and more enjoyable for travelers.

Siamcardeal

Seed Round in 2019
SiamCarDeal operates an online platform based in Bangkok, Thailand, that specializes in automotive digital services. Founded in 2016, the company provides comprehensive information about various vehicles, including buying and selling options. The platform connects users with official dealers who offer cars for sale, often at discounted prices. By facilitating access to a wide range of automotive resources and service providers, SiamCarDeal aims to enhance the user experience for both buyers and sellers in the automotive market.

Tourkrub

Series A in 2018
Tourkrub is an online travel agent based in Thailand that specializes in outbound tour packages. The platform features a comprehensive selection of international tours, allowing users to filter and search for options that suit their preferences. With its user-friendly interface, Tourkrub enables both travel agents and tourists to browse and book tours conveniently and at competitive prices. The company aims to enhance the travel planning experience by providing a seamless shopping journey for its customers.

Ricult

Seed Round in 2018
Ricult Inc. operates an online marketplace that connects farmers with suppliers of agricultural inputs and potential crop buyers, primarily focusing on smallholder farmers in developing countries. Founded in 2015 by MIT alumni, the company has developed a comprehensive digital platform that addresses the diverse needs of farmers, utilizing credit scoring algorithms and predictive analytics to assess creditworthiness. The platform also incorporates geographic information systems, satellite imagery, and agronomic models to provide farmers with vital information on crop management, including when to irrigate and harvest. Additionally, Ricult facilitates access to affordable loans and offers recommendations for improving crop yields. Headquartered in Boston, Massachusetts, Ricult currently operates in Thailand and Pakistan, aiming to empower farmers and help them escape poverty while accessing a multi-billion dollar market.

WishBeer

Seed Round in 2018
Wishbeer is the leading omni-channel beer company in Thailand, specializing in the sale of craft beer and a variety of alcoholic beverages. It operates an e-commerce platform that offers craft beer, beer glasses, wine, cider, and other related products. Through its online platform, Wishbeer provides customers across Thailand with convenient access to a diverse selection of quality beverages, catering to both casual consumers and enthusiasts alike.

Drivemate

Seed Round in 2017
Drivemate is a prominent peer-to-peer car sharing service in Thailand that facilitates a marketplace connecting vehicle owners with renters. By allowing car owners to rent out their vehicles, Drivemate helps them offset ownership costs while providing renters with convenient access to a variety of cars without hidden fees. The platform emphasizes sustainability by reducing fuel wastage and promotes responsible vehicle use. To ensure a secure experience for both parties, Drivemate offers full insurance coverage and reliable customer service, fostering trust within the community. This innovative service enables vehicle owners to generate income through unlimited rentals while giving renters the flexibility to choose cars based on their specific needs.

Dealcha!

Seed Round in 2017
Dealcha.com is Thailand's first cashback website, providing users the opportunity to earn cash rewards through their online shopping activities. The platform allows individuals to register for free, select from a variety of partner online stores, and shop for products. After making a purchase, a percentage of the total price is credited back to the user's Dealcha! cashback account. This cashback is in addition to any ongoing promotions, credit card discounts, or coupon codes. Users can redeem their accumulated cashback as actual cash without any fees. By offering competitive deals and cashback opportunities, Dealcha enhances the online shopping experience for its users.

SkillLane

Venture Round in 2017
SkillLane is an online educational platform based in Thailand, dedicated to enhancing the skills and potential of individuals and organizations. The platform offers a range of self-paced e-learning courses designed for young professionals, allowing them to acquire practical skills at their convenience. Expert-led video content ensures high-quality instruction, enabling users to learn anytime and anywhere. Additionally, SkillLane provides companies with the opportunity to select courses for their employees, fostering continuous professional development and supporting organizational growth.

Tourkrub

Seed Round in 2016
Tourkrub is an online travel agent based in Thailand that specializes in outbound tour packages. The platform features a comprehensive selection of international tours, allowing users to filter and search for options that suit their preferences. With its user-friendly interface, Tourkrub enables both travel agents and tourists to browse and book tours conveniently and at competitive prices. The company aims to enhance the travel planning experience by providing a seamless shopping journey for its customers.

Nuren Group

Series A in 2016
Nuren Group is a leading technology company, which is female-led and VC-funded. We are the leading ecommerce & digital content provider, focusing on parenting education, maternity wellness and women livelihood. Our digital products include Motherhood, Kelabmama, Ibuencer & the recently launched Motherhood Parenting Superapp. To date, our community consist of 5,000+ merchants/brands and 5 million+ active users across 3 countries (Malaysia, Singapore, Thailand). Nuren Group is a strong supporter on women-in-tech and career-comeback-program. Our mission is to build an innovative and AI-driven platform to effectively deliver sustainable, quality health, wellness and education to our community of mothers and children. With this, we are aiming to drive growth in our domestic digital economy through technology adoption, as well as increasing digital export sales, by becoming the tech-enablers and superapp bridging the engagement between brands and our community across Southeast Asia. We currently hire 50+ knowledge workers who specialize in AI, big data, digital media and ecommerce space. Under the leadership of Petrina (CEO & Founder), Nuren Group is fortunate to have received backing & support from corporates and venture capital firms. Throughout the years, Petrina and the company has also received awards & recognitions such as Southeast Asia Top 50 Rising Women in Tech 2021, Top 12 Best Startup in Asia 2019, MVCA Outstanding Women Entrepreneur 2018, APICTA Malaysia Award 2017, Inti Alumni Young Entrepreneur of the Year Award 2016.

Omise

Seed Round in 2015
Omise Co., Ltd. operates an online payment platform designed for both web and mobile applications, enabling users to easily transfer funds, process refunds, and store customer payment information for future transactions. Founded in 2013 and based in Bangkok, Thailand, Omise aims to simplify the online payment experience, particularly in markets like Thailand, Japan, and Singapore, where traditional payment processing can be cumbersome. The platform provides a range of processing solutions that facilitate seamless payment acceptance for businesses, including credit and debit card transactions and bill payments through various banking methods. Omise also offers APIs for developers to integrate payment functionality into their applications. The company prioritizes security and has achieved compliance with PCI-DSS standards, ensuring that transactions meet the requirements of major payment networks. By addressing the challenges of online payment processing, Omise seeks to create a reliable and user-friendly solution for both merchants and consumers.
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