JAMJA is a platform for discount discovery on restaurants, fashion and beauty products. — Photo courtesy of JAMJAViet Nam News HÀ NỘI — Vietnamese technology startup JAMJA Joint Stock Company has raised VNĐ20 billion (US$858,369) from international investment funds in the pre-Series A round. Four investment funds from the Republic of Korea and Japan participated in this round, namely Korean KB Investment, Nextrans, Bon Angels and Japanese information technology corporation Framgia. JAMJA is a platform for discount discovery on restaurants, fashion and beauty products. The company also received investment from Foody.vn and homegrown venture capital firm ESP Capital in 2016 and 2017. According to JAMJA’s general director Lê Hùng Việt, this success will help JAMJA focus on investing in product development, vertical integration, market expansion and customer growth. Explaining why they invested in JAMJA, Taihei … [Read more...] about VN’s technology startup raises $860,000 from investment funds
Vietnamese investment funds
Investment fund VinaCapital reconciles to leading egg firm breakup demand
“VinaCapital has decided to stop investing in Ba Huan JSC and is negotiating with the firm in closing the deal on the basis of the law and mutual interest,” it said in a statement. VinaCapital’s flagship fund Vietnam Opportunity Fund (VOF), in February, invested $32.5 million in the country's leading egg firm Ba Huanfor an undisclosed minority stake. The firm holds over 30 percent of the pasteurized egg market in Vietnam. The latest move follows Ba Huan’s letter to Prime Minister Nguyen Xuan Phuc Monday seeking to end the deal it made with VinaCapital, one of the largest investment funds in Vietnam. It accused the fund of trying to take over its brand and management. Pham Thi Huan, CEO of Ba Huan JSC, told VnExpress that one of the reasons for this request is the disparity between the English and Vietnamese versions of the deal. VinaCapital had “added by itself” an internal rate of return of 22 percent a year to the … [Read more...] about Investment fund VinaCapital reconciles to leading egg firm breakup demand
Investment fund VinaCapital reconciles to Ba Huan breakup demand
“VinaCapital has decided to stop investing in Ba Huan Jsc and is negotiating with the firm in closing the deal on the basis of the law and mutual interest,” it said in a statement. VinaCapital’s flagship fund Vietnam Opportunity Fund (VOF) invested $32.5 million in Ba Huan in February for an undisclosed minority stake. The latest move follows Ba Huan’s letter to Prime Minister Nguyen Xuan Phuc Monday seeking to end the deal it made with VinaCapital. It accused the fund of trying to take over its brand and management. Pham Thi Huan, CEO of Ba Huan Jsc, told VnExpres that one of the reasons for this request is the disparity between the English and Vietnamese versions of the deal. VinaCapital had “added by itself” an internal rate of return of 22 percent a year to the Vietnamese memorandum, three times bank interest rates on deposits, without the approval of Ba Huan Jsc, she said. VinaCapital also set a condition that Ba Huan will have to … [Read more...] about Investment fund VinaCapital reconciles to Ba Huan breakup demand
Big investment fund keeps pouring money into Vietnamese companies
VietNamNet Bridge - The most powerful investment fund in the country continues to pour money into Vietnam's leading companies despite capital withdrawal from emerging and frontier markets. Foreign investors are still grabbing every opportunity to buy shares in Vietnam. The most powerful investment fund in the country continues to pour money into Vietnam's leading companies despite capital withdrawal from emerging and frontier markets. Gelex is known as the leading enterprise in electrical wire and cable manufacturing in Vietnam, but it has been expanding into other business fields, including infrastructure, logistics, real estate and investment. Industry is its core business field, bringing 70 percent of revenue. RELATED NEWS Foreign investment funds making huge profits in Vietnam Foreign investment funds target market for mothers and kids M. Ha … [Read more...] about Big investment fund keeps pouring money into Vietnamese companies
Singaporean investment fund divests from Vinasun
The development of Uber and Grab has put pressure on traditional taxi forms in Viet Nam. — Photo enternews.vn After losing more than VND125 billion (US$5.5 million) in Vinasun, Singaporean investment fund Government of Singapore (GIC) announced a full divestment from Vietnam Sun Corporation (VNS). Accordingly, the fund no longer holds any shares of Vinasun, reported Tien Phong (Vanguard) newspaper. Specifically, GIC sold 5.4 million VNS shares, representing 7.96 per cent of Vinasun’s capital on May 25 and currently owns no shares. The investment fund of the Government of Singapore invested in Vinasun in August, 2014, when car-hailing applications had not been popular in Viet Nam. The value for the acquisition at that time was estimated at VND200 billion. The development of Uber and Grab has since put pressure on traditional Vietnamese taxi companies, including Vinasun. Although one of the brands with the highest number of cars in HCM City, the company’s business … [Read more...] about Singaporean investment fund divests from Vinasun