By Quynh Nguyen
The investment was made by Asia Environmental Partners (AEP), a $250-million fund managed by Olympus Capital Asia.
The company said, it will use working capital to fund both acquisitions.
Vietnam-based traveltech startup Triip has offered for sale 100 million travel tokens for its month-long ICO ending March 31.
The S Korean company raised its $320 million Series G funding in December 2018 from Hillhouse Capital, Sequoia Capital and GIC.
The VC closed a $50-million fund in October 2018 to make early-stage investments in Southeast Asia, South Korea and Japan.
The Hong Kong-based investment firm made its first bet in Vietnam when it backed OTA startup VNTrip’s $10-million Series B round in 2017.
Kerry Logistics has identified cross-border e-commerce, particularly between Greater China and ASEAN, as a major growth sector
Based in Hong Kong, Edwina Ho will work closely with Willis Towers Watson’s institutional clients across the Greater China market.
Taisho is still cementing its position as DHG Pharma’s second largest investor after the State Capital Investment Corporation.
While billion-dollar valuations help a market attract attention, an early startup market such as Vietnam needs to first build sustainable companies.