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.
IPOs & Markets
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.
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