SEA Digest: Vietnam’s Lozi raises funding; PouchNATION partners ThaiTicketMajor

Photo by Herson Rodriguez on Unsplash

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.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.