Japan’s Transcosmos takes 10% stake in Thai e-publication platform Ookbee



Japanese system integration company Transcosmos (TSE:9715) announced today that it will take a 10% stake in Thailand’s e-publication platform Ookbee [1].

By bringing its business experience and IT solutions to the table, Transcosmos plans to help the startup to expand its business beyond the e-publication to become a more comprehensive monetization platform. This includes launching an e-commerce business to make the most of their user base in South East Asia. Since its launch back in March of 2012, Ookbee has acquired 5.5 million users to date across the region, with the goal of reaching 10 million users by the end of this year.

The startup signed a strategic partnership with their Indonesian counterpart Scoop in late 2012, securing $2 million in funding for a 25% percent stake from Intouch.


via Venture Now

  1. Coinciding with the capital tie-up, it was also announced that a Transcosmos employee will join Ookbee’s management board.