Vietnam Startup and Funding News(April)

Fundraising Activity
Vietnam’s health-tech startup eDoctor raises funding from Japanese and South Korean VCs (Forbes Vietnam, 4/1); food recipe portal Cooky raises an undisclosed sum from Foody’s founder; and Chatbot Vietnam raises $500k from Next100 (DealStreetAsia, 4/6).

Accelerator Activity
Vietnam’s accelerator VIISA picks three startups for batch 7 (e27, 3/30); Vietnam’s Ecomobi joins Facebook Accelerator Singapore season 2 (e27, 3/31).

Startup News 

Online shopping surges on Vietnam social distancing campaign.
Online grocery shopping is booming. Ride-hailing firms have caught up with the trend, launching new services that enable people to buy food and groceries without leaving home.
VNExpress. 4/5

Shopee remains Vietnam’s most popular ecommerce platform,
according to a recent report by iPrice, SimilarWeb, and App Annie. Shopee led in the fourth quarter of 2019 with 33.6 million monthly web visits, followed by Thegioididong (Vietnam’s major mobile phone retail chain), Sendo, Tiki, and Lazada. Kr-Asia. 3/13

Demand for e-wallet usage rises among Vietnamese consumers.
Momo, Moca, and ZaloPay are the three most popular e-wallets in Vietnam’s two main cities, accounting for more than 90% of mobile payments. Of which, Momo is one of the most well-funded firms of its kind in Asia, having raised more than US$133 million since it was founded in 2013. Kr-Asia. 3/26

VinaCapital shuts down Singapore-based robo-advisor Smartly.
DealStreetAsia. 3/25.

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