Singha Beer launches venture capital arm, invests $25mn

Singha Ventures, the venture capital arm of Thai beer producer Singha Beer (part of Boon Rawd Brewery) has invested a total of $25mn in venture capital.

It has invested in Vertex Ventures, the VC arm of Temasek, and Indonesian firm Kejora Ventures.

This makes Singha the second Thai investor in the latest funds of both these organisations.

 See also:

Asahi sells stake in Tsingtao brewery to Fosun for $847mn

Business Chief - Asia edition, March issue out now!

Unilever Ventures invests $10mn in IDG Ventures India fund

Singha agreed these investments last year, but last week it formally launched Singha Ventures. This will be the Thai conglomerate’s VC business and it intends to invest at series A level in startups at a local and global level. Its areas of interest are consumer products, supply chain and logistics, and enterprise solutions.

The fund was officially lunched this week having been registered in Hong Kong in 2017. It will carry out direct and indirect investments in the startup sphere.

According to e27, Bhurit Bhirombhakdi, Chairman of Singha’s executive board, has stated “We are always trying to expand our business capabilities for the organisation’s long-term growth. Startup business is deemed as the new S-curve which meant business for the future because of its constant creation of new ideas, products and business model that fits with the current lifestyles of all people.”

Share

Featured Articles

Twitter timeline – how Musk pulled off a hostile takeover

Elon Musk strikes deal to buy Twitter for US$44bn following four months of cryptic tweets, secret meetings and buying of shares – here’s the timeline

Top 10 Asia restaurants, from Tokyo’s Den to Bangkok’s Sorn

From Tokyo to Bangkok, with cuisines spanning Cantonese, Thai and German, we highlight Asia’s top 10 places to eat, as per Asia’s 50 Best Restaurants

Microsoft: what Asia leaders need to know about hybrid work

Microsoft’s 2022 Work Trend Index guides Asia leaders to navigating a hybrid future – from making the office worth the commute to rebuilding social capital

Meet the company: EV Nio to list in Hong Kong, enter Europe

Leadership & Strategy

12 Tech trends to watch closely in 2022, from CB Insights

Technology

Why Deloitte Australia’s HR technology is winning awards

Human Capital