Loship will use the investment to expand its delivery network, human resource, technology and market. (Photo tvphapluat.vn) Hanoi (VNS/VNA) - Loship, Vietnam’s fast-growingone-hour-delivery e-commerce startup, has announced its latest investment fromSkype co-founder Jaan Tallinn.
Tallinnparticipated in Loship’s Series C funding through his investment vehicleMetaPlanet Holdings.
Thiscapital injection marks Loship as the first portfolio company of MetaPlanet in Vietnamand Southeast Asia. The investment comes four months after the startup securedcapital in a bridge round led by Vulpes Investment Management.
Accordingto Loship CEO Nguyen Hoang Trung, the fresh capital will be spent on expandingthe firm’s delivery network, human resources, technology and market.
“Ahuge portion of the funding will be poured into upgrading our app and developingtechnologies in Loship,” Trung said, adding that they will also ramp up theirmarketing strategies to cement Loship’s presence in the domestic market.
“Itdidn’t take me very long to realize Loship was on to something,” Loship quotedTallinn as saying in its announcement.
“MetaPlanetis planning to pay more attention to the rapidly growing economies in SoutheastAsia. So I’m delighted to be off to a strong start in Vietnam by adding Loshipas our first portfolio company there.”
Foundedin 2017, Loship traces its roots back to Lozi, a review app allowing usersto find food, beverage, and coffee shops, before transitioning into aone-hour-delivery services platform.
Loshiphas closed its series A and B rounds from investors such as the Republic of Korea’sSmilegate Investment, Hana Financial Group, DTNI, and Golden Gate Ventures./.
Tallinnparticipated in Loship’s Series C funding through his investment vehicleMetaPlanet Holdings.
Thiscapital injection marks Loship as the first portfolio company of MetaPlanet in Vietnamand Southeast Asia. The investment comes four months after the startup securedcapital in a bridge round led by Vulpes Investment Management.
Accordingto Loship CEO Nguyen Hoang Trung, the fresh capital will be spent on expandingthe firm’s delivery network, human resources, technology and market.
“Ahuge portion of the funding will be poured into upgrading our app and developingtechnologies in Loship,” Trung said, adding that they will also ramp up theirmarketing strategies to cement Loship’s presence in the domestic market.
“Itdidn’t take me very long to realize Loship was on to something,” Loship quotedTallinn as saying in its announcement.
“MetaPlanetis planning to pay more attention to the rapidly growing economies in SoutheastAsia. So I’m delighted to be off to a strong start in Vietnam by adding Loshipas our first portfolio company there.”
Foundedin 2017, Loship traces its roots back to Lozi, a review app allowing usersto find food, beverage, and coffee shops, before transitioning into aone-hour-delivery services platform.
Loshiphas closed its series A and B rounds from investors such as the Republic of Korea’sSmilegate Investment, Hana Financial Group, DTNI, and Golden Gate Ventures./.
VNA
