The e-commerce delivery service doubled its total funding in a PTT-led round that included TCP subsidiary Durbell and Krungsri Finnovate.

Thai state-owned petroleum producer PTT Group led a $200m series D round for Thailand-based e-commerce logistics provider Flash Express today.

The round also featured Durbell, a subsidiary of consumer goods conglomerate TCP, Krungsri Finnovate, the venture capital arm of financial services firm Bank of Ayudhya, and unnamed existing backers. PTT invested through its PTT Oil and Retail Business Public Company (OR) subsidiary.

Flash Express operates a logistics service on behalf of online merchants that includes door-to-door pickup and delivery, operating…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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