SoftBank-backed proptech startup Propzy dissolves part of Vietnam business

SoftBank-backed proptech startup Propzy dissolves part of Vietnam business

SoftBank-backed proptech startup Propzy has dissolved Vietnam’s legal entity related to direct sales staff two years after bagging a $25-million Series A round led by real estate private equity firm Gaw Capital and SoftBank Ventures Asia.

According to an announcement sent to the Ho Chi Minh City Department of Planning and Investment on May 25, Propzy said the dissolution was a result of business model restructuring. 

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