The Thai Big Data-backed marketplace and real estate data analytics platform, Baania has received an undisclosed amount of investments from corporate venture capital arm of local major bank Krungsri, Krungsri Finnovate and state-owned oil and gas company PTT Public Company.
Thai conglomerate SCG-backed venture fund AddVentures, besides 500 TukTuksalso co-invested.
The funds will go into improving Baania’s Big Data-based property technology.
The collaboration with Baania will also enhance Krungsri’s mortgage loan business and the retail business of PTT and SCG.
Baania has developed a real-estate database to serve consumer demand for house buying, as well as business operators, who need investment insights. The database covers property projects in 15 provinces, including Bangkok and northern, northeastern and eastern regions.
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