As venture funding retreats, Thailand’s corporate investors gain more power

In Thailand, many of the most visible startup investors carry the names of the country’s largest banks and business groups. SCBX operates SCB 10X. Kasikornbank established Beacon Venture Capital. Bank of Ayudhya created Krungsri Finnovate, while Bangkok Bank has Bualuang Ventures. Investment vehicles linked to telecommunications, energy, retail and industrial groups extend the network further. […] The post As venture funding retreats, Thailand’s corporate investors gain more power appeared first on e27.