Singapore’s Sovereign Fund Helps Create Thailand’s Latest Unicorn
- Other investors include Taiwan Mobile and BRV Capital
- Line Man Wongnai competes with Grab in a post-pandemic market
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Thai food and parcel delivery app Line Man Wongnai raised $265 million in a round led by Singaporean sovereign fund GIC Pte, becoming the nation’s latest startup unicorn.
The company’s value topped $1 billion after a Series B round of funding, according to a statement on its website. Other investors in the latest funding include Taiwan Mobile Co., BRV Capital Management and PTT Oil & Retail Business Pcl.