InVent by INTOUCH invests 40 million baht in Ecartstudio

InVent, the venture-capital arm of Intouch Holdings Plc has invested Bt40 million in a Series B financing round for Ecartstudio, one of Thailand’s leading enterprise location-based application developers and consultants. Ecartstudio’s latest development is a Smart-City Platform for Business to Business (B2B) and Business to Consumer (B2C) interactions, to support the smart-city concept and promote a more convenient lifetstyle, with users enjoying ‘time well spent’. The funding will be used to expand Ecartstudio’s business and support the development of products and services that are expected to make it the leader in smart-city platforms in Thailand within three to five years.