Singha Ventures will look to invest primarily in three areas — consumer products, supply chain management & logistics technologies, and enterprise solutions

Singha Corporation, a subsidiary of Thai brewery company Boon Rawd Brewery, has launched a geography-agnostics venture capital fund which aims to invest in Series A-stage startups.

Called Singha Ventures, the fund will look to invest primarily in three areas — consumer products, supply chain management & logistics technologies, and enterprise solutions.

With a US$25 million corpus, Singha Ventures was registered in Hong Kong in 2017 as a wholly-owned subsidiary of Singha Corp.

Singha Ventures will invest in startups, both directly and indirectly. The VC firm said it will not pick more than 25 per cent equity stake in its portfolio companies in the initial stage, which will allow the founders to run their companies independently.

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“We are always trying to expand our business capabilities for the organisation’s long-term growth. Startup business is deemed as the 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, resulting in surging growth in a small period of time,” said Bhurit Bhirombhakdi, Chairman of the executive board of Singha Ventures.

Last year, Singha Ventures invested in two VC firms — Kejora Ventures and Vertex Ventures. Kejora is a Jakarta-headquartered fund with over 29 startups its its portfolio, whereas Temasek-owned Vertex Ventures has invested in close to a dozen startups to date.

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