Telecoms firm InTouch Holdings has reserved approximately $6m to invest in seven startups this year, four of which are already at the due diligence stage.
Stock Exchange of Thailand-listed telecommunications firm InTouch Holdings intends to invest ฿200m ($6.3m) in seven startups this year, DealStreetAsia has reported.
InTouch already participates in corporate venturing through InVent, the unit it launched in 2012 with an investment mandate that covers technology, media and telecommunications (TMT), blockchain, artificial intelligence and the internet of things.
InVent’s portfolio companies include customer relationship management and point-of-sale technology developer Choco CRM, digital ticketing provider Event Pop and mobile payment startup Digio.
The corporate…
