GIC and LINE led a $265m Series B round in LINE MAN Wongnai.

GIC, Singapore’s sovereign wealth fund, and LINE, a Tokyo-based subsidiary of Z Holdings, led a $265m Series B round in LINE MAN Wongnai, a Thailand-based food delivery startup, with participation from BRV Capital Management, PTT Oil and Retail, Bualuang Ventures and Taiwan Mobile. With this investment, LINE MAN Wongnai has achieved a valuation of over $1bn, making it Thailand’s largest tech startup by valuation.