PTT, Durbell, Krungsri Finnovate led the $200m Series D round for Flash Express.

Ptt Oil and Retail Business Public Company, consumer goods firm Durbell, Krungsri Finnovate, a VC division of Krungsri, a bank in Thailand, led the $200m Series D round for Flash Express, a delivery services provider. Among investors were previous backers of Flash Express - Alibaba, Gaorong Capital and Cloud Angel Fund. “Establishing this alliance with three of Thailand’s biggest business organizations is a monumental step forward for Flash Express to transform the logistics industry. We are also prepared to create and develop new technologies to achieve even greater delivery and logistics efficiency. More importantly we intend to assist SMEs in lowering their investment costs which we believe will provide long-term benefit for the overall Thai economy in the digital era,” Komsan Lee, Flash Express CEO.