About Food Tech sector in Thailand
The Food Tech sector in Thailand comprises 122 companies, including 20 funded companies having collectively raised $382M in venture capital money and private equity. Out of these, 10 are Series A+ funded, and 1 has achieved unicorn status.
Food Tech sector in Thailand has seen 3 acquisitions and 2 IPOs.
This sector includes companies that use Internet-based technologies for preparation and distribution of food and beverages and companies that develop next generation foods to replace conventional food habits.
Food Tech sector is also known as Food Production Technology, Agri-food Technology or Food Innovation.
Companies included in Food Tech
Companies that provide online platforms to discover, buy and sell food and beverages, develop IoT-enabled food appliances, SaaS-based solutions, aggregate and publish food-related content, develop next-generation foods like food substitutes, meal replacement products, fortified food and insect-based food.Companies excluded in Food Tech
Companies that build discovery platforms for multiple services along with restaurant discovery, restaurants allowing table reservation or food ordering from their websites, retailers and food product brands that sell through both offline and online channels, personal blogs of food-specific content.Top Food Tech Companies in Thailand
There are more than 122 companies in Food Tech in Thailand. LINE MAN Wongnai is the top Food Tech company in Thailand, ranked using Tracxn Score (what's this?).
Here are 5 of the top Food Tech companies in Thailand:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Online platform provides food ordering and delivery solution | Bangkok (Thailand) | 2020 | Series B | $375M | |
Online platform to discover restaurants, hotels, accommodations, tourists attractions, etc | Bangkok (Thailand) | 2010 | Series B | - | |
Mobile-based app providing restaurant reservation service | Bangkok (Thailand) | 2013 | Series B | $25M | |
Platform and app providing dining deals and restaurant booking services | Bangkok (Thailand) | 2014 | Series A | $450K | |
Provider of meat alternatives | Bangkok (Thailand) | 2020 | Seed | $1.4M |
Companies founded year-on-year in the Food Tech sector in Thailand
21 Food Tech startups in Thailand were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | 2 |
2023 | 5 |
2022 | 5 |
2021 | 9 |
2020 | 21 |
2019 | 8 |
2018 | 11 |
2017 | 5 |
Stage-wise distribution of Food Tech sector companies in Thailand
Out of the total 122 Food Tech companies in Thailand, 20 have secured funding. Among them, 10 have reached Series A or higher, and 8 to Series B or beyond.
Founded - 122
Funded - 20
Series A+ - 10
Series B+ - 8
Series C+ - 5
Company Stage | No. of companies |
|---|---|
Founded | 122 |
Funded | 20 |
Series A+ | 10 |
Series B+ | 8 |
Series C+ | 5 |
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Funding Trends in the Food Tech sector in Thailand
Total funding year-on-year in the Food Tech sector in Thailand
The Food Tech sector in Thailand saw a total funding of more than $381M in the last 10 years. The most amount of funding was in 2022 at more than $265M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | - |
2024 | $1.4M |
2023 | - |
2022 | $265M |
2021 | - |
2020 | $110M |
2019 | $3.25M |
2018 | $1M |
Recent Funding Rounds in Food Tech in Thailand
In the year 2025, till May 2025, Food Tech companies in Thailand have raised equity funding across 1 round.
In the same period last year (i.e. till January 2024), Food Tech companies in Thailand had raised $1.4M across 1 round.
Here are some recent, important funding rounds in Food Tech companies in Thailand:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 7377 | May 15, 2025 | and 1 more | |
Seed | 6211 | Jan 04, 2024 | and 2 more | |
Seed | 4025 | Sep 08, 2023 | ||
Series B | 2638 | Sep 26, 2022 | ||
Series A | 2274 | Jul 05, 2022 |
Top Investors in Food Tech in Thailand
Plug and Play Tech Center is the top investor in Food Tech companies in Thailand based on number of companies invested.
Here are some top investors in Food Tech companies in Thailand:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | - | |
Bangkok (Thailand) | ||
Tokyo (Japan) | - | |
Singapore (Singapore) | - | |
Auckland (New Zealand) | - |
M&A activity in Food Tech sector in Thailand
In the year 2023, till July 2023, 1 acquisition happened in Food Tech sector in Thailand.
Here are some recent, important acquisitions in Food Tech sector in Thailand:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jul 20, 2023 | ||
Acqui-Hired | Mar 20, 2018 | ||
Business Acquisition | Feb 06, 2015 |
Acquisition trends in Food Tech sector in Thailand
Here are the acquisition trends in Food Tech sector in Thailand:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | 1 |
2022 | - |
2021 | - |
2020 | - |
2019 | - |
2018 | 1 |
2017 | - |
Colleges which produce the most Food Tech companies in Thailand
Companies founded by alumni from top colleges in the Food Tech in Thailand
Most number of Food Tech startups in Thailand have been founded by alumni from University of California (Los Angeles), University of Cambridge and Booth School of Business.
College | No. of companies |
|---|---|
University of California (Los Angeles) | 2 |
University of Cambridge | 2 |
Booth School of Business | 1 |
Cornell University | 1 |
HEC Paris | 1 |
Imperial College London | 1 |
Kellogg School of Management | 1 |
University of Chicago | 1 |
Total funding in Food Tech companies founded by alumni from top colleges in Thailand
In the last 10 years, University of California (Los Angeles) graduates' Food Tech companies in Thailand have raised the most funding among top colleges. Cornell University alumni are second.
College | Total Funding |
|---|---|
University of California (Los Angeles) | $375M |
Cornell University | $1.4M |
Booth School of Business | - |
HEC Paris | - |
Imperial College London | - |
Kellogg School of Management | - |
University of Cambridge | - |
University of Chicago | - |
Top News in Food Tech in Thailand
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Line Man Wongnai to Invest B10bn in Tech, Acquire StartupsBangkok Post•Apr 30, 2025•LINE MAN Wongnai
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Thailand's No. 1 Food Delivery Platform To Set Up R&d Center In KoreaKorea Herald•Oct 28, 2024•LINE MAN Wongnai
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Line Man Wongnai serves 20% revenue boost in 2023 as losses trimTech in Asia•Oct 07, 2024•LINE MAN Wongnai
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Line Man Wongnai looks beyond food delivery in road to IPOTech in Asia•Sep 14, 2023•LINE MAN Wongnai
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Line Man Wongnai is Thailand’s latest unicorn after Series B fundingShareandstocks•Sep 26, 2022•LINE MAN Wongnai, GIC, LINE Corporation, PTT and 4 others
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Thailand’s Robinhood ties up with Accenture to boost super-app betTech in Asia•Jul 07, 2022•Robinhood, Accenture
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