SiamCarDeal, a Thailand-based automotive digital services provider, said it has received US$300,000 in seed funding from 500 TukTuks, the local operating unit of US venture capital fund 500 Startups, and angel investors.

Following its success in Thailand, SiamCarDeal, Thailand’s leading and fastest-growing online new car platform, has expanded to Myanmar, signing a long-term contract with Cycle & Carriage, Myanmar’s leading cars and trucks distributor.