Business & Economy Startups These are the first six investments made by Thailand-focussed 500 TukTuks II

These are the first six investments made by Thailand-focussed 500 TukTuks II

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These first investments come after 500 TukTuks II bagged investment from Thai giant corporates

 

500 TukTuks II, 500 Startups’ Thailand-focused seed fund, has revealed the first six investments it has made. The investments are made right after 500 TukTuks II secures funding from several Thai giant corporates like Central Group, Southeast Group, Saha Pathana Inter-Holding, TC Pharmaceuticals, The Vacharaphol, and Sermsang Power.

Also Read: Meet the two Southeast Asian startups attending GSMA’s accelerator programme

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The newest portfolios have a variety of backgrounds that include:

  1. EnerGaia 
    EnerGaia is a biotech and deeptech company and recipient of Bill & Melinda Gates Grant in 2018. The company has developed a proprietary algae production system that balances the costs of system installation, maintenance, and operation.
  2. DeepSparks
    DeepSparks is a fintech startup that implements AI (Artificial Intelligence) technology in the credit scoring in the loan approval process by analyzing data, enabling the financial institutions and the microlendersto serve the customers in the underbanked sector.
  3. InstaWash
    InstaWash is a location-based on-demand car detailing premium service that can easily pin customer’s location, request instantly, or schedule a time that fits the customer’s needs for car grooming.
  4. Kinkao 
    Kinkao is a B2B online platform that helps companies to serve food to their employees effortlessly, for a meeting, event, or as an employee benefit.
  5. JuiceInnov8
    JuiceInnov8 is a food biotechnology deep tech startups that develop a proprietary sugar reduction technology that can make any type of juice healthier and better with a customized range of natural sugar reduction from mildly sweet – less sugar to sugar-free- zero calories on the platform.
  6. Neuron Mobility
    Neuron Mobility is a Singapore-based mobility solutions platform targeting last-mile transportation in cities through their e-scooter platform (shared e-scooter service) with services in Bangkok and Chiang Mai.

Through these investments, 500 TukTuks II also reflects its commitment to support DeepTech as well as other areas.

500 TukTuks was first introduced in July 2015 by Krating Poonpol and Moo Natavudh. They have scored success in 500 TukTuks I with a total of 51 Seed and Pre-Series A investments and more than 50% of the portfolio companies successfully raised the follow-on fundings.

Also Read: Umitron gets US$2M funding to provide its AI fish feeding tech to farmers in Peru’s Lake Titicaca

500 TukTuks II was then set up with the purpose to explore further beyond Thailand especially in CLMV (Cambodia, Laos, Myanmar, and Vietnam) and beyond traditional e-commerce.

500 TukTuks II believe that technologies like AI, deeptech, and biotech are the force to move forward as seen in the first six investments it has made.

Image Credit: 500 Startup

The post These are the first six investments made by Thailand-focussed 500 TukTuks II appeared first on e27.

Source: E27

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