Vietnam’s food ordering startup Lozi has raised an eight-digit dollar sum in funding while PouchNATION, a Traveloka-backed B2B event management tech startup, has partnered with ThaiTicketMajor.
Vietnam’s Lozi raises eight-digit funding
Vietnam’s food ordering startup Lozi, which owns on-demand delivery service LoShip, has closed an eight-digit US dollar funding round led by South Korea’s Smilegate Investment, according to its existing investor Vietnam Silicon Valley (VSV).
The round was joined by DTNI, Ascendo Ventures (South Korea), JC Capital (US) and VSV, among others. DTNI also participated in an earlier round that Lozi raised in January this year.
The fresh capital will be used for Lozi’s expansion across the country to become a one-stop solution for Vietnamese consumers’ one-hour-delivery needs.
Founded in 2013, Lozi was originally an app for people to find food, beverage, and coffee shops. In 2015, it had raised a seven-digit funding round from Golden Gate Ventures and internet media firm DesignOne Japan Inc.
The company, which claims to have 8.5 million users, targets to triple the number of its daily transactions in the next 12 months, aiming for annual revenue of $31 million by 2020.
PouchNATION partners with ThaiTicketMajor
PouchNATION, a Traveloka-backed B2B event management tech startup, has partnered with ThaiTicketMajor to provide cashless payment solutions to all event promoters in Thailand, local media reported.
As part of the deal, PouchNATION and ThaiTicketMajor will integrate their tech platforms so that people who bought tickets on ThaiTicketMajor’s website will be able to attend events and use PouchNATION’s services.
PouchNATION started off by developing a near field communication (NFC) based system for guest registration, cashless payments, access control, activity tracking, social engagement and analytics reporting. It has since expanded into event discovery and ticket purchases.
The startup, which operates in 10 countries, claims to have facilitated transactions worth over $50 million. In June, it closed a Series B investment from Indonesian online travel unicorn Traveloka and SPH Ventures, the venture arm of Singapore Press Holdings.