SCBX announced the sale of shares of Perpelle Ventures Limited, the provider of the Robinhood application, to a group of investors led by Yip In Tsoi, a renowned figure in the IT industry as a System Integrator (SI).
The investor group joining Yip In Tsoi includes the Brooker Group, a financial and investment advisory company, SCT Rental Car Group, a business specializing in car leasing for personal and commercial use, and LOXBIT, a full-service digital credit IT solutions provider.
The total value of this transaction does not exceed 2,000 million baht, with an initial payment of 400 million baht and the remaining amount to be paid based on performance, up to a maximum of 1,600 million baht.
“Morkat Yip In Tsoi,” the CEO of Yip In Tsoi Limited, stated, “We recognize the potential in providing food delivery services through the Robinhood platform, which boasts a strong customer base, quality service, courteous and fast delivery riders, and a variety of participating stores, including renowned ones and unique establishments. Being a Thai-owned platform with a strong foundation presents a great opportunity for Yip In Tsoi’s investors to grow the business and further strengthen Robinhood’s competitiveness.”
While the Robinhood app will continue to operate normally during this transition.
Source: Press Release Email
TLDR: SCBX sells shares of Perpelle Ventures Limited, the provider of the Robinhood app, to a group of investors led by Yip In Tsoi, aiming to enhance the platform’s food delivery services and strengthen its competitive edge.
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