# Flash Express Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flash-express-co

- Industry: Logistics & Distribution
- Headquarters: Bangkok, Thailand
- Website: www.flashexpress.com
- Total disclosed funding: $360M
- Latest round: Series D (Jun 1, 2021)
- Investors on record: 9

## About

Based in Bangkok, Thailand, and founded in 2017 by co-founders Di Weijie and Komsan Saelee, Flash Express Co., Ltd. is a provider of e-commerce logistics services that include delivery services. The company provide services in 77 provinces in Thailand and 2,500 delivery points. In June 2021, the company raised THB 4.6 billion in Series D+ and E funding making it Thailand’s first unicorn. In December 2022, Flash Express Co., Ltd. raised THB 15 billion in Series F funding. Flash Express uses a standardized and digitized delivery process that covers all areas integrated into the e-commerce service such as Flash Logistics, a provider for large items delivery service; Flash Fulfillment that deals with goods storage; Flash Home also called delivery agent service; and Flash Money or the financial service. Flash Express plans to expand its operations and grow its business reach in three ASEAN countries.

## Funding rounds

- Series D, Jun 1, 2021, $50M — SCB10X, Chanwanich Security Printing Company Limited
- Series E, Jun 1, 2021, $100M — SCB10X, Krungsri Finnovate, eWTP Capital, PTT Oil and Retail Business Public Company Limited, T.C. Pharmaceutical Industries Company Limited, Buer Capital
- Series D, Oct 11, 2020, $200M — Gaorong Ventures, Cloud Angel Fund, Krungsri Finnovate, eWTP Capital, PTT Oil and Retail Business Public Company Limited, T.C. Pharmaceutical Industries Company Limited
- Angel, May 8, 2018, $10M — Gaorong Ventures

## Investors

- Gaorong Ventures (https://capitalatlas.ai/funds/gaorong-ventures) — Angel, Series D
- Cloud Angel Fund (https://capitalatlas.ai/funds/cloud-angel-fund) — Series D
- Krungsri Finnovate (https://capitalatlas.ai/funds/krungsri-finnovate) — Series D, Series E
- eWTP Capital — Series D, Series E
- PTT Oil and Retail Business Public Company Limited — Series D, Series E
- T.C. Pharmaceutical Industries Company Limited — Series D, Series E
- SCB10X (https://capitalatlas.ai/funds/scb10x) — Series D, Series E
- Chanwanich Security Printing Company Limited — Series D
- Buer Capital — Series E