Thai logistics firm Flash Express raises USD 150 million ahead of regional expansion
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Summary:
Bangkok-based courier Flash Express has notched USD 150 million in its extended Series D round, led by SCB10X, the CVC arm of the country’s Siam Commercial Bank, and its Series E round, led by China-based VC Buer Capital.
The news comes seven months after the firm bagged USD 200 million in its Series D round last October, bringing its total fundraising to USD 550 million. With the fresh capital, the firm plans to improve its operations, technology development, and expand its services. The firm told KrASIA that it is set to expand to the regional market by Q4 this year.
“Key strategies will focus on [the] one-stop service for our e-commerce business in Thailand and overseas. We will concentrate on our original intention to begin the business expansion in SEA first,” said Komsan Lee, CEO ...
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