SCG arm invests in logistics firm GIZTIX
Hanoi: Addventures, the corporate venture arm of Thailand’s Siam Cement Group (SCG), has led a Series A investment into logistics start-up GIZTIX.
GIZTIX is backed by 500 Tuktuks and KK Fund which invested in the start-up’s funding round last year.
The Series A round saw participation by other venture capital firms, the startup said, without divulging more information.
GIZTIX will make an official announcement on 21 November to reveal on its growth strategy following the fund raising.