Unicorn head honchos cut to the chase

Entrepreneurs from Bitkub, Flash Express and Line Man Wongnai outline journeys to the top

- SUCHIT LEESA-NGUANSUK

Thailand's three unicorns - Bitkub Capital Group Holdings, Flash Express and Line Man Wongnai - are entering a transformative phase as they gear up for initial public offerings (IPO) and aim to become part of the country's critical infrastructure.

For the first time, all three founders came together to share their insights on the same stage at "Rebuilding Thailand's Startup: The Unicorn Stage", hosted by Bitkub Capital.

"My next ambition is to launch an IPO and build one unicorn over the next five years," Yod Chinsupakul, chief executive and co-founder of Line Man Wongnai, told the Bangkok Post on the sidelines of the seminar.

Mr Yod said the company plans to announce a merger and acquisition deal as part of its growth plan by September, but he declined to elaborate further.

A source close to Line Man Wongnai said the deal is related to software for customer relationship management.

Mr Yod said early in his career, he was eager to become rich and build a unicorn.

He has an engineering background and worked in corporate roles before launching Wongnai, a review website. Mr Yod spotted market opportunities in the domains of food delivery, point of sale systems, and fintech payment.