Exclusive: VI Group said to have backed Vietnamese bubble tea chain Toco Toco

Photo: Toco Toco’s Facebook page

Vietnamese private equity firm VI (Vietnam Investment) Group is said to have invested in one of the country’s largest bubble tea chains, Toco Toco, owned by Taco Vietnam Service and Trading JSC (Taco).

The market has been abuzz with rumours that VI Group has already invested in the tea chain. When contacted by this portal, both the PE firm and Taco refused to offer comment.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter