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Bangkok Post

Business

Line Man Wongnai raises $265m in Series-B funds

Line Man Wongnai Line Foodpanda GIC Grab Thailand

A delivery worker from Line Man Wongnai picks up an order amid the Covid-19 outbreak.

Line Man Wongnai, a food delivery service operator, has raised US$265 million in Series-B fundraising, enabling its valuation to surpass $1 billion and thereby achieving unicorn status.

The latest fundraising round was led by Singapore-based sovereign wealth fund GIC and Japan-based Line Corporation. Other investors include PTT Oil and Retail Business Public Co (OR), Bualuang Ventures, Taiwan Mobile and BRV Capital Management.

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