Thai eSports startup predicts 10,000 jobs for the digital savvy
A Thailand-based gaming provider has just secured funding that will allow it to enter Myanmar, Laos, and Cambodia in 2020. Infofed secured investment from Japanese gaming media company GameWith.
Earlier this year, the startup received an undisclosed amount of investment from Singapore VC fund KK Fund and Thai events marketing firm EventPop Shows.
Infofed provides a one-stop solution for game providers, and operates eArena, an online platform for professional gamers to generate and manage content.
Infofed says it aims to become the region’s esports industry leader by 2025. “Following this round, we expect to roll out several esports collaborations that will enhance our position as an industry leader, as well as create 10,000 industry-related jobs for the digital-savvy generation in this region by 2025,” says Infofed founder and CEO Jirayod Theppipit.
The popularity of eSports has exploded in this region in recent years. According to research, Southeast Asia is the industry’s fastest-growing region, with more than 9.5 million eSports enthusiasts, with 2.8 million in Vietnam and 2 million in Indonesia.
Thailand currently doesn’t have a unicorn (a startup valued at more than $1 billion) to rival Singapore’s Grab, Indonesia’s GoJek, Vietnam’s VNM and the Philippines’ Revolution Precrafted.