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Business trends

Thai logistics startup builds war chest to battle regional rivals

Flash Group raises $150m amid booming Southeast Asian e-commerce market

Thailand's Flash Group raises funds to meet raising demand in Southeast Asia. (Photo courtesy of the company)

BANGKOK-- Thai e-commerce logistics startup Flash Group has raised $150 million, strengthening its financial muscle to compete in the fierce Southeast Asian market that is home to more than 350 million online consumers.

The fresh funds are expected to increase its capacity by around 10 times to handle 2 million products per day, putting the company on a par with competitors, Nikkei Asia has learned. Flash Group, one of Thailand's top five e-commerce logistics companies, was launched in 2017.

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