PTT Oil and Retail Public Company Limited (OR) and 500 TukTuks (500 Global) jointly launched ORZON Ventures in October 2021. ORZON Ventures is a growth-stage fund that invests in the most promising Series A-to-B startups in Thailand and Southeast Asia, seeking opportunities to create new S-Curve businesses in areas such as Mobility, Lifestyle, Smart Retail, Health & Wellness, and Travel.
This collaboration brings the best strength of both sides, combining 500 TukTuk’s 6+ years of experience being the most active VC fund in the region with OR’s competitive advantages as the leader in the Oil Retail market.
ORZON Ventures seeks to support fast-growing startups in the form of capital, access to customers, access to OR’s large ecosystem, and other fundamental business support from relevant experts to ensure startups have the best environment and resources to succeed alike a Sandbox or playground of scale that helps to increase the chance of success and explosive growth of startups. Startups in ORZON Ventures portfolio will get the chance to work closely with 500 TukTuks and OR new S-curve team to scale their businesses, taking full advantage of the powerful OR ecosystem in Thailand and regional markets.