Vietnam’s ‘Uber for maids’ Jupviec.vn bags funding from Cyberagent Ventures

Jupviec.vn, a Vietnam-based household service startup, has snapped up a six-digit seed funding from Cyberagent Ventures, marking the first investment by an overseas venture capital firm in this category.

Jupviec.vn, considered as the “Uber for maids” in Vietnam, currently serves more than 10,000 customers in Hanoi through its network of around 500 housemaids. With the investment, it hopes to bring the services to Ho Chi Minh City and other cities in Vietnam in 2016.

Founded in late 2012, the company has since enjoyed 5x year-on-year growth, according to its CEO Phan Hong Minh.

“Several other startups have also rolled out the same model, but I would say Jupviec.vn is the most professional and dedicated team,” Dzung Nguyen, head of Cyberagent Ventures’ Vietnam and Thailand ops, told DEALSTREETASIA.

“In addition, Jupviec.vn is also the largest player in this area,” he added.

Minh, the CEO and founder, has both business and tech background through his 12-year profound experience working for LG Electronics Vietnam, AVG and jewelry retailer Diamond World.

Cyberagent Ventures will probably co-invest in a future series A round for Jupviec.vn, Nguyen said.

The startup aims to minimise service fees as well as create more jobs in the country.

To secure the quality of the service, the company has put into practice a centre for training the maids, under the Research Centre for Gender, Family and Community Development.

“Jupviec.vn is a promising startup in the on-demand maid service field, helping create jobs and also meeting the huge demand of local families. I hope Jupviec.vn will grow exponentially not only in Vietnam but also in other Southeast Asian countries,” Nguyen said.

As the venture arm of Japan’s internet group Cyberagent Inc, the VC firm has funded nearly 20 startups in Vietnam, such as VNG Corp, Foody Corp, Tiki.vn, Nhaccuatui and Vexere, among others.

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