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Loship, an ecommerce-focused logistics startup in Vietnam, on Friday morning announced it has raised an undisclosed amount of funding from Skype co-founder Jaan Tallinn. Tallinn participated in Loship’s Series C funding through his investment vehicle MetaPlanet Holdings. The investment comes four months after the one-hour-delivery e-commerce startup secured capital in a bridge round led by Vulpes Investment Management. This capital injection marks Loship as the first portfolio company of MetaPlanet in Vietnam and Southeast Asia. According to Loship CEO Nguyen Hoang Trung, the fresh capital will be spent on expanding the firm’s delivery network, human resource, technology, and market. “A huge portion of the funding will be poured into upgrading our app and developing technologies in Loship,” Trung said in the company's announcement. “In addition, we will also ramp up our marketing strategies to cement Loship’s presence in the domestic market." “It didn’t take me very long to realize Loship was on to something,” Loship quoted Tallinn as saying in its announcement. “MetaPlanet is planning to pay more attention to the rapidly growing economies in Southeast Asia. So I’m delighted to be off to a strong start in Vietnam by adding Loship as our first portfolio company there.” Founded in 2017, the startup traces its roots to Lozi, a review app that allowed users to find food, beverages, and coffee shops. It was then transitioned into a delivery services platform. Loship has closed its series A and B rounds from investors such as South Korea’s Smilegate Investment, Hana Financial Group, DTNI, and Golden Gate Ventures. Like us on Facebook or follow us on Twitter to get the latest news about Vietnam! …

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Skype co-founder Jaan Tallinn is the latest big tech name to invest in Vietnamese startup Loship Tallinn’s investment in Loship puts him on a list of global tech leaders betting on Vietnamese tech startups, which has shown resilience and growth even amidst COVID-19. Thus, Loship is poised to become a prominent tech figure for any seasoned investor looking at Vietnam, according to Loship CEO Trung Hoang Nguyen. "MetaPlanet’s investment will help us build a much stronger image of Loship as a National Startup Hero. The competition will be much steeper in the long term, and we hope to pick up deep tech insights from Jaan Tallinn that can be applied to the Vietnam market,” he further opined. The latest fundraising, which is part of the startup’s Series C round, comes just four months after its undisclosed bridge round led by Vulpes Investment Management. The new funding would fuel Loship's path to becoming Vietnam’s leading one-hour-delivery e-commerce platform. “We already have a winning playbook, and we look to expand it to more markets. Secondly, we know what we want to do with our product, and there are just 1 per cent of things that have been done. So, a huge portion of the funding will be poured into upgrading our app and increasing our tech capability. Also, we will ramp up marketing strategies to strengthen our foothold in the existing markets,” stated the CEO. Founded in 2017, Loship traces its roots back to Lozi , a review app allowing users to find food, beverage, and coffee shops, before transitioning into a one-hour-delivery services platform. Loship had earlier closed its Series A and B rounds from several investors, including South Korea’s Smilegate Investment, Hana Financial Group, DTNI, Golden Gate Ventures, before announcing its Vulpes Investment Management-led bridge round in October 2020. The round was joined by DAAL Ventures and Wealth Well (Saudi Arabia-based VC Firms), Eucagi Ventures (Nigerian VC Firm), KI Group, and the vice …

[Read more...] about Vietnam’s delivery e-commerce startup Loship raises funds from Skype co-founder

Loship will use the investment to expand its delivery network, human resource, technology and market. — Photo tvphapluat.vn HÀ NỘI — Loship, Việt Nam’s fast-growing one-hour-delivery e-commerce startup, has announced its latest investment from Skype co-founder Jaan Tallinn. Tallinn participated in Loship’s Series C funding through his investment vehicle MetaPlanet Holdings. This capital injection marks Loship as the first portfolio company of MetaPlanet in Việt Nam and Southeast Asia. The investment comes four months after the startup secured capital in a bridge round led by Vulpes Investment Management. According to Loship CEO Nguyễn Hoàng Trung, the fresh capital will be spent on expanding the firm’s delivery network, human resource, technology and market. “A huge portion of the funding will be poured into upgrading our app and developing technologies in Loship,” Trung said, adding that they will also ramp up their marketing strategies to cement Loship’s presence in the domestic market. “It didn’t take me very long to realize Loship was on to something,” Loship quoted Tallinn as saying in its announcement. “MetaPlanet is planning to pay more attention to the rapidly growing economies in Southeast Asia. So I’m delighted to be off to a strong start in Việt Nam by adding Loship as our first portfolio company there.” Founded in 2017, Loship traces its roots back to Lozi, a review app allowing users to find food, beverage, and coffee shops, before transitioning into a one-hour-delivery services platform. Loship has closed its series A and B rounds from investors such as South Korea’s Smilegate Investment, Hana Financial Group, DTNI, and Golden Gate Ventures. — VNS …

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