Bangkok, Thailand. Photo by Jakob Owens on Unsplash

Thailand-listed InTouch Holdings has offloaded all its shares in 10 startups over the last year as the holding company of local telecommunication giant Advanced Info Services takes steps to scale down its venture capital business InVent in an effort to ramp up its focus on investments in its core business.

Of over 20 startups that it has backed to date, the firm still holds shares in six companies as of December 2022. These are Ookbee; YDM (Thailand); Peer Power; Conicle; Paronym; and Ecommerce Enablers, which operates Shopback, according to its recent filing.

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