Vietnam’s ‘Uber for maids’ JupViec.vn snags funding from Patamar Capital

Photo by Bruno Nascimento on Unsplash

CyberAgent-backed JupViec.vn, a Vietnam-based household service startup, has raised an undisclosed investment from San Francisco-based impact investor Patamar Capital.

This is the second fundraising of JupViec.vn since it snapped up a six-digit seed funding from Japan’s CyberAgent Ventures in 2015, the Vietnamese startup said in an announcement.

“With the funding, we will expand the model to other provinces, not just Hanoi and Ho Chi Minh City, and introduce more utilities that help customers save time and get more convenience,” a representative from JupViec.vn told DEALSTREETASIA in an interaction.

Founded in late 2012 by CEO Phan Hong Minh, JupViec.vn, dubbed the “Uber for maids” in Vietnam, currently serves more than 10,000 customers in Hanoi through its network of around 3,000 housemaids.

Patamar Capital invests in early-stage impact startups in Asia’s fastest-growing economies such as India, Indonesia, Vietnam and the Philippines. The company invests up to $2 million in businesses in sectors such as agriculture, education, healthcare, employment access and financial inclusion.

The investment by Patamar, estimated to be in the region of $200,000-300,000, was made through the women SME-focused impact investment fund launched last year in collaboration with the Australian government’s Investing in Women initiative.

The women SME-focused fund also runs an impact accelerator programme where four of the 12 participating companies are chosen by peers to receive $25,000 in funding. The first batch of the accelerator was organized in October 2017 and the second batch is scheduled to be held in the second quarter of this year.

Patamar and the Australian government’s Investing in Women initiative have also adopted the mandate of helping select women-led/owned businesses in these three countries source and close deals.

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Exclusive: Impact investor Patamar Capital to invest over $6m in SE Asia

Exclusive: Impact investor Patamar Capital to invest over $6m in SE 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.

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.