VNG startup pours $ 6 million into Got It

VNG startup pours $ 6 million into Got It

VNG Joint Stock Company has announced an investment of $ 6 million (approximately $ 138 billion) in Goat It, an electronic gift platform startup.

This investment provides an opportunity for businesses to expand into the gifting sector and expand the B2B sales channel (business to business) and distribution network, especially to enhance the convenience of the people. Use salo and salope. This is in line with VNG’s strategy to deliver a better user experience, ”the statement said.

It was established in 2015 by providing an electronic gift platform. The startup has delivered more than 20 million gift cards, with over 12,000 locations across more than 160 brands.

Not only does it help businesses to implement customer care, promotion, and employee bonus (B2B) programs, but also to give gifts to individuals (Person to Person – P2P). $ 6 million investment is expected, especially the potential to apply for artificial intelligence to solve business problems in Vietnam.

Mr. Le Hongmin, CEO of VNG, emphasized the need for support for Vietnamese startups to thrive, and formed the habitat of domestic technology companies. From mid-2020, VNG will begin promoting the strategy of finding domestic startups for long-term investment and partnerships, ”he said.

At the end of last year, VNG was able to terminate the investment agreement with startup Eco Truck, a logistics service provider, to connect businesses with logistics service providers. According to VNG’s financial statements, the business owns 20% of the startup and the voting rights. In addition to Eco Truck, VNG owns 22.7 per cent of Tiki’s capital and 49 per cent of Thanzone Media.

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Duck Min

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