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The funding round is said to be one of the largest single funding rounds ever raised by a Vietnamese startup.
Leflair differentiates itself from other e-commerce sites by focusing on premium branded products
Grab claims the Ho Chi Minh City Court had no jurisdiction over the case.
Vietnam stands poised to capitalise on the shifting investment landscape and is poised to emerge as a digital startup hub in the near future
Vietnam’s F&B industry is forecast to post one of the highest growth rates among Asian countries by 2020
The investment in Luxstay comes as the sharing economy business model in Southeast Asia, particularly in Vietnam, is growing exponentially.
The verdict ends an 18-month-long legal battle between Grab and Vietnamese taxi operator Vinasun.
Vinasun’s lawsuit against Grab resumes after the Vietnamese taxi firm turned down Grab’s US$2.78-million investment offer.
500 Startups Vietnam will bring 500 Startups’ Silicon Valley accelerator curriculum to Vietnam in 2019 with Korean multimedia retailer GS Shop.
Vietnam posted a record US$17.5 billion in FDI disbursement last year and could hit a record FDI for the decade.
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