Telio raised capital from three major investors
Telio is one of the first B2B e-commerce platforms in Vietnam. This platform received additional funding for its Pre-Series B round from three major investors. The leading investment is VNG’s $22.5 million. This round also featured GGV Capital and Tiger Global. This investment marks Telio’s strategic partnership. This partnership brings more comprehensive services to partners and agents nationwide. After this round, Telio will continue to deploy the next rounds.
Under the strategic cooperation agreement, VNG helps Telio grow and expand its operations and coverage. VNG will also work with Telio to increase the popularity of the stall on Zalo. Businesses will easily digitise order activity and track orders. In October 2020, Telio became the first and only B2B platform to launch a booth on Zalo. This promotes contactless digital sales nationwide. Vietnam is also encouraging the promotion of non-cash payment solutions. Telio also gives SMEs access to financial and credit products. These SMEs still have many limitations in terms of capital and need business expansion support.
B2B e-commerce platform Kilo successfully raised capital
Kilo is a B2B e-commerce platform based in Vietnam. The platform successfully raised $5 million in its Pre-Series A round. This funding round is co-led by Altos Ventures and January Capital. Goodwater Capital, Ascend Vietnam Ventures, Decisive Capital Management, Ratio Ventures, and angels also participated in this round. This is also the first time Altos Ventures has invested in the Vietnamese market. Kilo helps connect the retail market with MSMEs. Kilo wants to digitise the local retail value chain through technology.
In Vietnam, MSMEs are the backbone of the retail economy, serving 80% of purchases. Kilo’s platform and tools are for local MSMEs to manage businesses across multiple sales channels. Kilo also optimises the inventory turnover. As a result, MSMEs can save costs and reduce long-term risks.
Sources of information include TechCrunch and TechInAsia.