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Thailand-based Flash Group, which provides e-commerce logistics services, including the delivery service Flash Express, has become the first Thai unicorn start-up after recently raising US$150 million (4.6 billion baht) in Series D+ and E funding.
The Thai economy witnessed the birth of three unicorn companies this year Flash Express, Ascend Money and Bitkub Online debunking the belief that the country doesn't have the supporting ecosystem for unicorn startups to thrive.
Thailand-based Flash Group, which provides e-commerce logistics services, including delivery service Flash Express, has become the first Thai unicorn startup after recently raising US$150 million (4.6 billion baht) in Series D+ and E funding just three years into operations, according to the company's owner.