Thailand is one of the most popular tourist destinations in the world with so many wonderful places to visit. But very few of you might be aware of the fact that it is also one of the top-rated countries to support start-ups as well.
A number of investors around the world are getting attracted to the Thai business industry. They are looking for some creative opportunities to serve the potential Thai market with an extensive range of products and services. However, before going ahead with your investments, some of you might be interested to know more about the Thai start-up ecosystem.
Thai Start-Up Ecosystem:
As per recent research carried on the Thailand market, 68.2 million of the population here has 133% mobile subscription. The internet penetration rate is 67% with 30% 4G users and 67% of the active mobile social users. Thailand is better known as the third largest 4G market in the entire Southeast Asian region. The businesses here are greatly influenced by fast technology adoption, decent market size, and extensive support infrastructure. The ease of doing business makes it a great option for entrepreneurs with new business ideas.
In the year 2016, the Thai start-ups were able to raise the estimated amount of funds of almost 86 million USD. Some of the biggest business deals also happened in Thailand in the year 2016 where the first one was the huge investment of 19 million in Ookbee by Tencent, a Chinese internet giant. The trend was further followed by the $17.5 million in Omise Payment and the other 15 million in Orami. It was amazing to know that the Thai business industry experienced huge growth from the year 2012 to 2016 with a stunning rise in the number of start-ups from only three to 75 that were funded. Some of the most popular business ideas that grew fast in Thailand within the past few years include Ecommerce, Lifestyle, Food tech, Logistics, and Transportation.
The investment opportunities in this country increased by a great extent with huge momentum in funding options. A wide range of start-ups in Thailand that grew within the last five years belongs to the Fin-Tech vertical. It is basically including several electronic payment systems, online payment services, and e-wallets as well. Other than this, the incredible growth in the logistics sector has made it pretty easier to lead businesses online.
Although there are unlimited options to start a business in Thailand, food processing and technology are the most lucrative ideas. As Thai cuisine is gaining popularity all over the world, the demand is increasing very fast. Moreover, the considerable improvements in the tourism sector in the country have made it possible for the local food business owners to serve an extensive range of customers from different corners of the world. Other great ideas for building a brand in Thailand are the Travel and Hospitality industry and selling agricultural products. You can take help from local agents to understand ongoing market scenarios before company registration in Thailand.
A number of investors around the world are getting attracted to the Thai business industry. They are looking for some creative opportunities to serve the potential Thai market with an extensive range of products and services. However, before going ahead with your investments, some of you might be interested to know more about the Thai start-up ecosystem.
Thai Start-Up Ecosystem:
As per recent research carried on the Thailand market, 68.2 million of the population here has 133% mobile subscription. The internet penetration rate is 67% with 30% 4G users and 67% of the active mobile social users. Thailand is better known as the third largest 4G market in the entire Southeast Asian region. The businesses here are greatly influenced by fast technology adoption, decent market size, and extensive support infrastructure. The ease of doing business makes it a great option for entrepreneurs with new business ideas.
In the year 2016, the Thai start-ups were able to raise the estimated amount of funds of almost 86 million USD. Some of the biggest business deals also happened in Thailand in the year 2016 where the first one was the huge investment of 19 million in Ookbee by Tencent, a Chinese internet giant. The trend was further followed by the $17.5 million in Omise Payment and the other 15 million in Orami. It was amazing to know that the Thai business industry experienced huge growth from the year 2012 to 2016 with a stunning rise in the number of start-ups from only three to 75 that were funded. Some of the most popular business ideas that grew fast in Thailand within the past few years include Ecommerce, Lifestyle, Food tech, Logistics, and Transportation.
The investment opportunities in this country increased by a great extent with huge momentum in funding options. A wide range of start-ups in Thailand that grew within the last five years belongs to the Fin-Tech vertical. It is basically including several electronic payment systems, online payment services, and e-wallets as well. Other than this, the incredible growth in the logistics sector has made it pretty easier to lead businesses online.
Although there are unlimited options to start a business in Thailand, food processing and technology are the most lucrative ideas. As Thai cuisine is gaining popularity all over the world, the demand is increasing very fast. Moreover, the considerable improvements in the tourism sector in the country have made it possible for the local food business owners to serve an extensive range of customers from different corners of the world. Other great ideas for building a brand in Thailand are the Travel and Hospitality industry and selling agricultural products. You can take help from local agents to understand ongoing market scenarios before company registration in Thailand.
