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Vietnam Loship secures investment from Skype co-founder

This capital injection marks Loship as the first portfolio company of MetaPlanet in Vietnam and Southeast Asia.

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Hanoi (VNS/VNA) – Loship, Vietnam’s fast-growing one-hour-delivery e-commerce startup, has announced its latest investment from Skype co-founder Jaan Tallinn.

Tallinn participated in Loship’s Series C funding through his investment vehicle
MetaPlanet Holdings.

The investment comes four months after the startup secured capital in a bridge round led by Vulpes Investment Management.

According to Loship CEO Nguyen Hoang Trung, the fresh capital will be spent on expanding the firm’s delivery network, human resources, technology and market.

“A huge portion of the funding will be poured into upgrading our app and developing technologies in Loship,” Trung said, adding that they will also ramp up their marketing strategies to cement Loship’s presence in the domestic market.

“It didn’t take me very long to realize Loship was on to something,” Loship quoted Tallinn as saying in its announcement.

“MetaPlanet is planning to pay more attention to the rapidly growing economies in Southeast Asia.

So I’m delighted to be off to a strong start in Vietnam by adding Loship as our first portfolio company there.”

Founded in 2017, Loship traces its roots back to Lozi, a review app allowing users to find food, beverage, and coffee shops, before transitioning into a one-hour-delivery services platform.

Loship has closed its series A and B rounds from investors such as the Republic of Korea’s Smilegate Investment, Hana Financial Group, DTNI, and Golden Gate Ventures./. VNA

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Startups

Traveloka to launch financial services in Vietnam and Thailand

Traveloka, which says it has 40 million active monthly users, is developing “buy now, pay later” services for Vietnam and Thailand.

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Indonesian company Traveloka and Southeast Asia’s largest online travel startup, plans to launch financial services in Vietnam and Thailand as it eyes a listing in the US, its president said.

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Thai Gaming Startups And Trends For 2021

Thailand is one of Southeast Asia’s most important markets for mobile games. There are about 531 Thai publishers on Google Play and about 1,684 Thai published games available for download on the store.

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The name Thailand may not easily come to mind in any discourse on mobile or online gaming. However, with an estimated 27 million video gamers and projected revenue of $54m from online games in 2021, Thailand has positioned itself as a rising force in the gaming industry.

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