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steve10

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09/09/21

21:05

Post #: 55956814

Originally posted by steve10: ↑
A logistics e-commerce start up US $1B unicorn.

Thai Logistics Startup Flash Express to Enter Laos
By
Latsamy Phonevilay
-
September 9, 2021
0
634

Thai logistics and e-commerce startup Flash Express is to enter Laos to develop the logistics industry.
The company has partnered with AIF Group of Laos to jointly form Flash Laos, a land and air delivery service in Laos that will allow customers to courier parcels between Thailand and Vientiane Capital,according to Tech in Asia.
Flash Laos will incorporate a mobile application that will allow users to book delivery services, track parcels, and check fees and charges straight from their mobile phones.
The two companies have said they expect to launch cross-border services between Thailand and Laos by November this year.
Flash Group becameThailand’s first unicorn businessafter raising USD 150 million in Series D+ and E funding just three years into the company’s operations.
A startup is considered a unicorn when it is valued at more than USD 1 billion.
Using Thailand as a regional logistics hub, Flash Group hopes to expand into full-service logistics operations in neighboring countries, according to a statement by the company.
AIF Group of Laos, meanwhile, maintains a broad portfolio spanning banking and financial services, telecommunications, construction, and property and infrastructure development.
Flash Express isnow listed as part of the company’s portfolioat its website.
Expand
Update Information Remove ProfileLast updated:September 4, 2021
Flash Express is an app-based platform providing courier delivery services. It allows users to book door-to-door courier delivery services online, track parcels, make payments and get estimates. They can also print labels and schedule pickups.
Flash Express Overview
Founded Year2017
LocationBangkok, Thailand
Company StageSeries E
Total Funding$550M
Last Funding RoundUndisclosed, Series E, Jun 01, 2021
Valuation$1B as on Jun 01, 2021
Annual Revenue$1.44M as on Dec 31, 2018
Similar Cos.Delhivery, XpressBees, Ecom Express, Lalamove, ShipBob&470others
Disclaimer: Total Funding = Total Disclosed Equity Funding (Pre-exit)
Flash Express Funding Rounds
Date Funding Amount Funding Round Investor Details
Jun 01, 2021 Undisclosed Series E SCB 10X, Krungsri Finnovateand 2 others
Jun 01, 2021 Undisclosed Series D SCB 10X, Chanwanich
Oct 12, 2020 $200M Series D PTT, Krungsri Finnovateand 1 others
May 09, 2018 $10M Series A Banyan Ventures
Flash Express Investors
Banyan Ventures Salt Lake City, United States
SCB 10X Bangkok, Thailand
Cloud Angel Fund Beijing, China
Krungsri Finnovate Yan Nawa, Thailand
&4others
Flash Express Revenue
Revenue for the Calendar Year2018stood at USD1.44Mup from 1 in the Calendar Year 2017

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