INTUCH Budgets ฿2Bn to Broaden Startups Partnership, Targeting a NAV of ฿320Bn in 5 Years

Senior Vice President Portfolio Management of Intouch Holdings Public Company Limited (INTUCH), Miss Tomyantee Kongpoolsilpa, revealed that the company has set provisional capital expenditure for the 2021 investment plan amounting to not exceed 2,000 million baht. INTUCH planned to broaden strategic alliance partnership particularly in terms of a corporate venture capital (VC) for startups that are working on 5G-related business and health tech.

 

INTUCH expected Advanced Info Service Public Company Limited (ADVANC), together with the coming investment in VC to drive a company’s net asset value (NAV) to reach a target of 320 billion baht in 5 years. At present, the company’s InVent portfolio is 1,230 million baht.

 

In 2020, INTUCH has invested in 5 startups under the InVent project including Datafarm Co., Axinan Pte., Paronym Inc., Chomchobgroup Co. and Swift Dynamics Co., and has disposed of Social Nation Inc. and Wongnai Media Co.