VinaCapital Ventures invests in Vietnamese logistics startup An Vui

Vietnam-based VinaCapital Ventures has invested in An Vui, a transportation management system startup, according to an announcement.

Founded in 2015, the startup aims to tackle the pain points in road transport in areas such as intercity bus and limousine services, which account for more than three-quarters of Vietnam’s passenger transport methods.

Businesses operating in this segment are often smaller enterprises with limited resources for revenue management, marketing and customer service. Therefore, An Vui was set up to offer companies end-to-end software solutions and build websites to facilitate mobile applications, ticket management, and parcel shipment management and fuel cost management.

The company said its services can help bus operators save 10-20 per cent operating costs and increase revenue by 20-30 per cent. To date, it has provided the technology to more than 100 bus operators.

“Helping companies working to transform Vietnam’s logistics sector has been one of our key investment themes since we launched in 2018,” said Khanh Tran, partner of VinaCapital Ventures, while highlighting the inefficiencies in the sector that give rise to high logistics costs.

“Many of these businesses are fairly small and family-owned, and solutions like those offered by An Vui can help them compete and optimize existing resources,” added Tran.

Vietnam’s bus and limousine sector is very fragmented, with an estimated number of 21,000 operators, according to Phan Ba Manh, founder of An Vui. He said the investment by VinaCapital Ventures will enable the company to enter into more strategic partnerships for its business growth.

Prior to An Vui, VinaCapital Ventures has backed Logivan, a B2B truck hailing and logistics network and ride-hailing startup FastGo. Other portfolio companies of the firm include digital gifting platform Urbox, fintech company Wee Digital and real estate portal Rever.

VinaCapital Ventures is the $100-million technology holding company established by the $1.8 billion fund manager VinaCapital.

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).   

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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.