SCG arm in­vests in lo­gis­tics firm GIZTIX

Mint Asia ST - - News Dealstreetasia -

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.

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