Sky ICT, TTA Invest 100M Baht in Robinhood Delivery Platform
Sky ICT and logistics giant TTA are investing 100 million baht to acquire the intellectual property of Thai food delivery platform Robinhood, with each taking a 45% stake and SCB holding 10%. The deal follows the collapse of a previous 2-billion-baht sale to another investor group that defaulted on payments. Robinhood will continue operations and retain all 82 employees while new owners aim to transform it into a competitive Thai "super app".
Leading listed tech provider Sky ICT has joined forces with major logistics group TTA to invest 100 million baht in acquiring the intellectual property of Robinhood, a Thai food delivery platform. The move marks a pivotal development amid uncertainty surrounding Robinhood's transition to new investors.
Stock Exchange sources reveal the joint investment covers the platform's intellectual property, including software and trademarks. Sky ICT and TTA will each hold 45% stakes, while Siam Commercial Bank (SCB) retains the remaining 10%. SCB's board has already approved the agreement, with signing expected by late November 2026 before the new structure takes effect in December.
This follows the sudden collapse of a 2-billion-baht deal to transfer Robinhood to an investor group led by Yip In Tsoi. In September 2024, Purple Ventures, Robinhood's operator under SCB X, was sold to the Yip In Tsoi-led consortium for 2 billion baht. However, accumulated costs from the acquisition and operating losses soon exceeded 500 million baht against an initial 400-million-baht payment, prompting Yip In Tsoi to return management control to SCB.
Sources confirm Robinhood continues normal delivery operations. New management has pledged to retain all 82 existing staff for continuity and stability. The new owners aim to reposition Robinhood as a truly Thai "super app" capable of competing head-on with international delivery giants.
