VinaCapital invests in Vietnam logistics tech start-up

VinaCapital Ventures has focused strongly on Vietnam’s fragmented logistics space since being established last year, with its first two commitments going to B2B truck hailing company Logivan and ride-hailing app FastGo. In the bus and limousine segment, where An Vui operates, there are said to be around 21,000 operators. 

“The inefficiencies and lack of transparency in large parts of the sector play a key role in contributing to some of the highest logistics costs in the region,” Khanh Tran, a partner at VinaCapital Ventures, said in a release. “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.”

An Vui provides software by subscription that allows bus and limousine companies to organize a range of operational concerns, including ticket management, parcel shipments, fuel cost accounting, and the maintenance of own-branded websites. The company says that it can help transportation companies lower operational costs by 20% and increase revenue by 30%.

VinaCapital claims $1.8 billion in assets under management in Vietnam across a range of asset classes including private equity, real estate, fixed income, and venture capital. Recent activity from the VC unit also includes investments in digital e-gifting platform UrBox and Wee Digital, a company that provides artificial intelligence and biometric security technology to banks.

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• Topics
• Southeast Asia
• Early-stage
• Support services
• Vietnam
• VinaCapital
• Logistics