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TRACXN TOP BUSINESS MODELS REPORT
August 21, 2023
VIETNAM TECH
Vietnam Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Vietnam Tech Funding Overview 3
Top Funded Business Models 4
One Pagers 7
Appendix 28
2
Vietnam Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Funding in last 1 year
3
Pharmacy IT $51.5M
K-12 EdTech $27.1M
Alternative Lending $22.1M
Electric Vehicles $11.0M
Fashion Tech $3.3M
Internet First Media $2.3M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Touchstone Partners
Vulpes Ventures
Asian Development Bank
3
2
1
Early
Stage
ThinkZone
Jungle Ventures
TNB Aura
4
3
3
Late
Stage
TV Tokyo Holdings 1
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Thuocsi
(2018, Ho Chi Minh City)
$51.5M - Series B
Edupia
(2017, Hanoi)
$14.0M - Series A
Gimo
(2019, Hanoi)
$12.0M - Series A
Timo
(2015, Ho Chi Minh City)
$10.0M - Series B
Medici
(2019, Dong Da)
$8.5M - Series A
Dat Bike
(2018, Thu Dau Mot)
$8.0M - Series B
Vuihoc.vn
(undefined, Hanoi)
$6.0M - Series A
Marathon Education
(2021, Ho Chi Minh City)
$5.1M - Seed
Gimo
(2019, Hanoi)
$5.1M - Series A
Fundiin
(2018, Ho Chi Minh City)
$5.0M - Series A
Cooky
(2015, Ho Chi Minh City)
$4.5M - Series A
Selex
(2018, Hanoi)
$3.0M - Seed
Ho Chi Minh City (59%)
Hanoi (31%)
Dong Da (5%)
Thu Dau Mot (5%)
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Vietnam Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲18 Pharmacy Supply Chain Management $51.5M 1 Thuocsi | $51.5M | Series B Link
2▲18 On Demand Payroll $17.1M 2 Gimo | $12.0M | Series A Link
3-- Online K-12 English Tutoring $14.0M 1 Edupia | $14.0M | Series A Link
4▲9 Retail internet banking $10.0M 1 Timo | $10.0M | Series B Link
5▲7 Healthcare Booking Platforms $8.5M 1 Medici | $8.5M | Series A Link
6-- Electric Motorcycle Manufacturers $8.0M 1 Dat Bike | $8.0M | Series B Link
7-- K-12 Online Academic Courses $8.0M 2 Vuihoc.vn | $6.0M | Series A Link
8-- Online K-12 Tutoring $5.1M 1 Marathon Education | $5.1M | Seed Link
9-- Recipe Discovery Platforms $4.5M 1 Cooky | $4.5M | Series A Link
10-- Electric 3 wheeler Cargo Manufacturers $3.0M 1 Selex | $3.0M | Seed Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Vietnam Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11-- Cryptocurrency Exchanges $2.5M 1 AshSwap | $2.5M | Seed Link
12-- Internet First Men Casual Apparel Brands $2.3M 1 CoolMate | $2.3M | Series A Link
13-- Audiobook Platforms $1.8M 1 Fonos | $1.8M | Seed Link
14-- Job Matching Platforms $1.4M 1 JobHopin | $1.4M | Series A Link
15-- NFT Marketplaces $1.1M 1 Oxalus | $1.1M | Seed Link
16-- B2B Grocery Marketplace $1.0M 1 ODA | $1.0M | Seed Link
17-- Fundraising Platform $500K 1 Wiziin | $500K | Seed Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Vietnam Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Vietnam Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Vietnam Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Pharmacy Supply Chain Management -
Vietnam
01
9
Back to index
Pharmacy IT (Medlink)
(# Cos: 8 | $63.6M)
Supply Chain Management (Thuocsi)
(# Cos: 1 | $63.5M)
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$51.5M (▲472%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$63.5M
1
-
1
1
Thuocsi
(2018, Ho Chi Minh City, $63.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Thuocsi (2018, Ho Chi Minh City)
$51.5M - Series B - Feb 2023
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
On Demand Payroll - Vietnam
02
10
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$17.1M (▲106%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$28.5M
2
-
2
1
Alternative Lending (OnCredit)
(# Cos: 64 | $38.8M)
Online Lenders (FE Credit)
(# Cos: 45 | $38.8M)
Consumer Loans (Fundiin)
(# Cos: 35 | $38.8M)
Payday Loans (Interloan)
(# Cos: 6 | $29.0M)
Through Employer (VUIAPP)
(# Cos: 5 | $29.0M)
On Demand Pay (Gimo)
(# Cos: 2 | $28.5M)
Gimo
(2019, Hanoi, $19.0M)
VUIAPP
(2020, Hanoi, $9.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Gimo (2019, Hanoi)
$12.0M - Series A - Jul 2023
$5.1M - Series A - Jan 2023
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Online K-12 English Tutoring - Vietnam
03
11
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$14.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$27.5M
3
-
11
1
K-12 EdTech (Marathon Education)
(# Cos: 167 | $62.6M)
B2C Learning Solutions (Vuihoc.vn)
(# Cos: 101 | $42.6M)
Language Learning (Monkey Junior)
(# Cos: 29 | $27.5M)
English (DinoEnglish)
(# Cos: 27 | $27.5M)
Online Tutoring (Edupia)
(# Cos: 11 | $27.5M)
Edupia
(2017, Hanoi, $24.0M)
Future Lang
(undefined, Ha Dong)
KIDTOPI
(2018, Hanoi, $3.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Edupia (2017, Hanoi)
$14.0M - Series A - Sep 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Retail internet banking - Vietnam
04
12
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$10.0M (▼50%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$30.0M
1
-
3
1
Banking Tech (VNLIFE)
(# Cos: 22 | $580M)
Internet First Banks (Cake by VPBank)
(# Cos: 6 | $30.0M)
Through Bank Partnerships (TNEX)
(# Cos: 3 | $30.0M)
Retail Banking (Timo)
(# Cos: 3 | $30.0M)
Timo
(2015, Ho Chi Minh City, $30.0M)
TNEX
(2019, Hanoi)
LienVietPostBank Mobil..
(undefined, Hanoi)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Timo (2015, Ho Chi Minh City)
$10.0M - Series B - Jul 2023
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Healthcare Booking Platforms - Vietnam
05
13
Back to index
Healthcare Booking Platforms (Medigo)
(# Cos: 79 | $48.4M)
Diversified (Medici)
(# Cos: 15 | $43.4M)
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$8.5M (▼65.3%)
1(▼75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$43.4M
5
-
15
1
Medici
(2019, Dong Da, $8.5M)
Med247
(2019, Hanoi, $4.5M)
Jio Health
(2011, Ho Chi Minh City, $30.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Medici (2019, Dong Da)
$8.5M - Series A - Aug 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Dat Bike (2018, Thu Dau Mot)
$8.0M - Series B - Nov 2022
Electric Motorcycle Manufacturers -
Vietnam
06
14
Back to index
Electric Vehicles (ChargeNow)
(# Cos: 6 | $21.6M)
Automaker (Selex)
(# Cos: 2 | $21.6M)
Motorcycles (Dat Bike)
(# Cos: 1 | $16.5M)
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$8.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$16.5M
1
-
1
1
Dat Bike
(2018, Thu Dau Mot, $16.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
K-12 Online Academic Courses - Vietnam
07
15
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$8.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$8.0M
3
-
22
0
K-12 EdTech (Marathon Education)
(# Cos: 167 | $62.6M)
B2C Learning Solutions (Edupia)
(# Cos: 101 | $42.6M)
School Curriculum (Rockit Online)
(# Cos: 54 | $8.5M)
Multi Subject (Hocmai)
(# Cos: 47 | $8.5M)
Online Courses (Vuihoc.vn)
(# Cos: 22 | $8.0M)
Vuihoc.vn
(undefined, Hanoi, $8.0M)
Hocmai
(2007, Hanoi)
VietJack
(2015, Hanoi)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Vuihoc.vn (Hanoi)
$6.0M - Series A - Jul 2023
$2.0M - Seed - Aug 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Online K-12 Tutoring - Vietnam
08
16
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$5.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$6.6M
1
-
4
0
K-12 EdTech (Edupia)
(# Cos: 167 | $62.6M)
B2C Learning Solutions (Vuihoc.vn)
(# Cos: 101 | $42.6M)
Diversified (AloWings)
(# Cos: 13 | $6.6M)
Online Tutoring (Marathon
Education)
(# Cos: 4 | $6.6M)
Marathon Education
(2021, Ho Chi Minh City, $6.6M)
TutorU
(2020, Ho Chi Minh City)
LHP E - Learning
(undefined, Hanoi)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Marathon E.. (2021, Ho Chi Minh City)
$5.1M - Seed - Oct 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Recipe Discovery Platforms - Vietnam
09
17
Back to index
Food Tech (Foody)
(# Cos: 86 | $10.0M)
Recipe Discovery (Cooky)
(# Cos: 14 | $5.5M)
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$4.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.5M
1
-
14
0
Cooky
(2015, Ho Chi Minh City, $5.5M)
365 DELICIOUS Dishes E..
(2019, Tan Binh)
day nau an ngon
(2015, Ho Chi Minh City)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cooky (2015, Ho Chi Minh City)
$4.5M - Series A - Nov 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Selex (2018, Hanoi)
$3.0M - Seed - Apr 2023
Electric 3 wheeler Cargo Manufacturers -
Vietnam
10
18
Back to index
Electric Vehicles (ChargeNow)
(# Cos: 6 | $21.6M)
Automaker (Dat Bike)
(# Cos: 2 | $21.6M)
Three Wheelers (Selex)
(# Cos: 1 | $5.1M)
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$3.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.1M
1
-
1
0
Selex
(2018, Hanoi, $5.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Exchanges - Vietnam
11
19
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$2.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$2.5M
2
-
30
0
Cryptocurrencies (Rikkei Finance)
(# Cos: 96 | $19.4M)
Financial Services (Coin98)
(# Cos: 75 | $19.4M)
Investment Industry (Minswap)
(# Cos: 52 | $2.5M)
Crypto Exchanges (AshSwap)
(# Cos: 30 | $2.5M)
AshSwap
(2021, Ho Chi Minh City, $2.5M)
Minswap
(2021, Bac Ninh)
Bitcoin Vietnam
(2013, Ho Chi Minh City)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
AshSwap (2021, Ho Chi Minh City)
$2.5M - Seed - Oct 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Internet First Men Casual Apparel
Brands - Vietnam
12
20
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$2.3M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.8M
1
-
2
0
Fashion Tech (SSSmarket)
(# Cos: 115 | $7.3M)
B2C Commerce (TOP MOT)
(# Cos: 105 | $6.8M)
Apparel (Rita Phil)
(# Cos: 31 | $4.8M)
Casual Wear (Canifa)
(# Cos: 21 | $4.8M)
Multi Category (Zanado Thời Trang)
(# Cos: 21 | $4.8M)
Men (Heis.vn)
(# Cos: 4 | $4.8M)
Internet First Brand (CoolMate)
(# Cos: 2 | $4.8M)
CoolMate
(2018, Hanoi, $4.8M)
Heis.vn
(undefined, Ho Chi Minh City)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CoolMate (2018, Hanoi)
$2.3M - Series A - Sep 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Audiobook Platforms - Vietnam
13
21
Back to index
Book Tech (FAHASA)
(# Cos: 48 | $2.9M)
Audio Books (Fonos)
(# Cos: 5 | $2.9M)
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$1.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.9M
1
-
5
1
Fonos
(2019, Ho Chi Minh City, $2.9M)
SACHNOI.ASIA
(2017, Ho Chi Minh City)
Soundio
(2021, Ho Chi Minh City)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Fonos (2019, Ho Chi Minh City)
$1.8M - Seed - Nov 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
JobHopin (2016, Ho Chi Minh City)
$1.4M - Series A - Sep 2022
Job Matching Platforms - Vietnam
14
22
Back to index
HRTech (Base)
(# Cos: 214 | $34.9M)
Job Board (Vietnam Works)
(# Cos: 100 | $3.8M)
Job Matching (JobHopin)
(# Cos: 4 | $3.8M)
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$1.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$3.8M
1
-
4
1
JobHopin
(2016, Ho Chi Minh City, $3.8M)
JOBIGO
(undefined, Ho Chi Minh City)
CxO Search
(2017, Ho Chi Minh City)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
NFT Marketplaces - Vietnam
15
23
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$1.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.1M
4
-
7
0
Investment Tech (Finhay)
(# Cos: 118 | $36.3M)
Alternative Investment Platforms (Wiziin)
(# Cos: 31 | $1.6M)
Non Fungible Tokens (Faraland)
(# Cos: 11 | $1.1M)
Marketplaces (RFOX)
(# Cos: 7 | $1.1M)
RFOX
(2018, Ho Chi Minh City)
Faraland
(2020, Hanoi)
Oxalus
(2022, Hanoi, $1.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Oxalus (2022, Hanoi)
$1.1M - Seed - Jun 2023
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
B2B Grocery Marketplace - Vietnam
16
24
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$1.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.0M
1
-
2
0
B2B E-Commerce (Aemi)
(# Cos: 53 | $41.1M)
Food & Beverages (Kamereo)
(# Cos: 9 | $32.6M)
Groceries (Telio)
(# Cos: 5 | $32.6M)
Multi Category (Aimuatuiban)
(# Cos: 2 | $1.0M)
Marketplace (ODA)
(# Cos: 2 | $1.0M)
ODA
(2019, Ho Chi Minh City, $1.0M)
Aimuatuiban
(undefined, Ho Chi Minh City)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ODA (2019, Ho Chi Minh City)
$1.0M - Seed - Dec 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Recent Funding Rounds
Fundraising Platform - Vietnam
17
25
Back to index
Taxonomy
$ Invested in last 1 year in Vietnam
Tech
Key Stats
# Funding Rounds in last 1 year in
Vietnam Tech
$500K ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$500K
1
-
5
0
Investment Tech (Finhay)
(# Cos: 118 | $36.3M)
Alternative Investment Platforms (RFOX)
(# Cos: 31 | $1.6M)
Private Companies (SanOTC)
(# Cos: 6 | $500K)
Fundraising (Wiziin)
(# Cos: 5 | $500K)
Wiziin
(2020, Ho Chi Minh City, $500K)
Net a Startup
(2017, Hanoi)
Drop Deck
(2016, Ho Chi Minh City)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Wiziin (2020, Ho Chi Minh City)
$500K - Seed - Aug 2023
Vietnam Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Vietnam Tech - Top Business Models Report
Thank You
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Tracxn - Top Business Models in Vietnam Tech - 21 Aug 2023

  • 1. TRACXN TOP BUSINESS MODELS REPORT August 21, 2023 VIETNAM TECH
  • 2. Vietnam Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Contents Vietnam Tech Funding Overview 3 Top Funded Business Models 4 One Pagers 7 Appendix 28 2
  • 3. Vietnam Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Funding in last 1 year 3 Pharmacy IT $51.5M K-12 EdTech $27.1M Alternative Lending $22.1M Electric Vehicles $11.0M Fashion Tech $3.3M Internet First Media $2.3M Y-o-Y Funding Top Investors by Funding Rounds Seed Stage Touchstone Partners Vulpes Ventures Asian Development Bank 3 2 1 Early Stage ThinkZone Jungle Ventures TNB Aura 4 3 3 Late Stage TV Tokyo Holdings 1 Funding by Geography Top Feeds by $ Funding Top Funding Rounds $ Funding # Rounds Thuocsi (2018, Ho Chi Minh City) $51.5M - Series B Edupia (2017, Hanoi) $14.0M - Series A Gimo (2019, Hanoi) $12.0M - Series A Timo (2015, Ho Chi Minh City) $10.0M - Series B Medici (2019, Dong Da) $8.5M - Series A Dat Bike (2018, Thu Dau Mot) $8.0M - Series B Vuihoc.vn (undefined, Hanoi) $6.0M - Series A Marathon Education (2021, Ho Chi Minh City) $5.1M - Seed Gimo (2019, Hanoi) $5.1M - Series A Fundiin (2018, Ho Chi Minh City) $5.0M - Series A Cooky (2015, Ho Chi Minh City) $4.5M - Series A Selex (2018, Hanoi) $3.0M - Seed Ho Chi Minh City (59%) Hanoi (31%) Dong Da (5%) Thu Dau Mot (5%)
  • 4. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Vietnam Tech - Top Funded Business Models - last 1 year (1/5) 4 Rank Business Model $ Funding # Rounds Top Funding Round Details 1▲18 Pharmacy Supply Chain Management $51.5M 1 Thuocsi | $51.5M | Series B Link 2▲18 On Demand Payroll $17.1M 2 Gimo | $12.0M | Series A Link 3-- Online K-12 English Tutoring $14.0M 1 Edupia | $14.0M | Series A Link 4▲9 Retail internet banking $10.0M 1 Timo | $10.0M | Series B Link 5▲7 Healthcare Booking Platforms $8.5M 1 Medici | $8.5M | Series A Link 6-- Electric Motorcycle Manufacturers $8.0M 1 Dat Bike | $8.0M | Series B Link 7-- K-12 Online Academic Courses $8.0M 2 Vuihoc.vn | $6.0M | Series A Link 8-- Online K-12 Tutoring $5.1M 1 Marathon Education | $5.1M | Seed Link 9-- Recipe Discovery Platforms $4.5M 1 Cooky | $4.5M | Series A Link 10-- Electric 3 wheeler Cargo Manufacturers $3.0M 1 Selex | $3.0M | Seed Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 5. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Vietnam Tech - Top Funded Business Models - last 1 year (2/5) 5 Rank Business Model $ Funding # Rounds Top Funding Round Details 11-- Cryptocurrency Exchanges $2.5M 1 AshSwap | $2.5M | Seed Link 12-- Internet First Men Casual Apparel Brands $2.3M 1 CoolMate | $2.3M | Series A Link 13-- Audiobook Platforms $1.8M 1 Fonos | $1.8M | Seed Link 14-- Job Matching Platforms $1.4M 1 JobHopin | $1.4M | Series A Link 15-- NFT Marketplaces $1.1M 1 Oxalus | $1.1M | Seed Link 16-- B2B Grocery Marketplace $1.0M 1 ODA | $1.0M | Seed Link 17-- Fundraising Platform $500K 1 Wiziin | $500K | Seed Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 6. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Vietnam Tech - Top Funded Business Models - last 1 year (3/5) 6 Rank Business Model $ Funding # Rounds Top Funding Round Details * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 7. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Vietnam Tech - Top Funded Business Models - last 1 year (4/5) 7 Rank Business Model $ Funding # Rounds Top Funding Round Details * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 8. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Vietnam Tech - Top Funded Business Models - last 1 year (5/5) 8 Rank Business Model $ Funding # Rounds Top Funding Round Details * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 9. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Recent Funding Rounds Pharmacy Supply Chain Management - Vietnam 01 9 Back to index Pharmacy IT (Medlink) (# Cos: 8 | $63.6M) Supply Chain Management (Thuocsi) (# Cos: 1 | $63.5M) Taxonomy $ Invested in last 1 year in Vietnam Tech Key Stats # Funding Rounds in last 1 year in Vietnam Tech $51.5M (▲472%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $63.5M 1 - 1 1 Thuocsi (2018, Ho Chi Minh City, $63.5M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Thuocsi (2018, Ho Chi Minh City) $51.5M - Series B - Feb 2023
  • 10. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Recent Funding Rounds On Demand Payroll - Vietnam 02 10 Back to index Taxonomy $ Invested in last 1 year in Vietnam Tech Key Stats # Funding Rounds in last 1 year in Vietnam Tech $17.1M (▲106%) 2( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $28.5M 2 - 2 1 Alternative Lending (OnCredit) (# Cos: 64 | $38.8M) Online Lenders (FE Credit) (# Cos: 45 | $38.8M) Consumer Loans (Fundiin) (# Cos: 35 | $38.8M) Payday Loans (Interloan) (# Cos: 6 | $29.0M) Through Employer (VUIAPP) (# Cos: 5 | $29.0M) On Demand Pay (Gimo) (# Cos: 2 | $28.5M) Gimo (2019, Hanoi, $19.0M) VUIAPP (2020, Hanoi, $9.5M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Gimo (2019, Hanoi) $12.0M - Series A - Jul 2023 $5.1M - Series A - Jan 2023
  • 11. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Recent Funding Rounds Online K-12 English Tutoring - Vietnam 03 11 Back to index Taxonomy $ Invested in last 1 year in Vietnam Tech Key Stats # Funding Rounds in last 1 year in Vietnam Tech $14.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $27.5M 3 - 11 1 K-12 EdTech (Marathon Education) (# Cos: 167 | $62.6M) B2C Learning Solutions (Vuihoc.vn) (# Cos: 101 | $42.6M) Language Learning (Monkey Junior) (# Cos: 29 | $27.5M) English (DinoEnglish) (# Cos: 27 | $27.5M) Online Tutoring (Edupia) (# Cos: 11 | $27.5M) Edupia (2017, Hanoi, $24.0M) Future Lang (undefined, Ha Dong) KIDTOPI (2018, Hanoi, $3.5M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Edupia (2017, Hanoi) $14.0M - Series A - Sep 2022
  • 12. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Recent Funding Rounds Retail internet banking - Vietnam 04 12 Back to index Taxonomy $ Invested in last 1 year in Vietnam Tech Key Stats # Funding Rounds in last 1 year in Vietnam Tech $10.0M (▼50%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $30.0M 1 - 3 1 Banking Tech (VNLIFE) (# Cos: 22 | $580M) Internet First Banks (Cake by VPBank) (# Cos: 6 | $30.0M) Through Bank Partnerships (TNEX) (# Cos: 3 | $30.0M) Retail Banking (Timo) (# Cos: 3 | $30.0M) Timo (2015, Ho Chi Minh City, $30.0M) TNEX (2019, Hanoi) LienVietPostBank Mobil.. (undefined, Hanoi) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Timo (2015, Ho Chi Minh City) $10.0M - Series B - Jul 2023
  • 13. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Recent Funding Rounds Healthcare Booking Platforms - Vietnam 05 13 Back to index Healthcare Booking Platforms (Medigo) (# Cos: 79 | $48.4M) Diversified (Medici) (# Cos: 15 | $43.4M) Taxonomy $ Invested in last 1 year in Vietnam Tech Key Stats # Funding Rounds in last 1 year in Vietnam Tech $8.5M (▼65.3%) 1(▼75%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $43.4M 5 - 15 1 Medici (2019, Dong Da, $8.5M) Med247 (2019, Hanoi, $4.5M) Jio Health (2011, Ho Chi Minh City, $30.4M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Medici (2019, Dong Da) $8.5M - Series A - Aug 2022
  • 14. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Recent Funding Rounds Dat Bike (2018, Thu Dau Mot) $8.0M - Series B - Nov 2022 Electric Motorcycle Manufacturers - Vietnam 06 14 Back to index Electric Vehicles (ChargeNow) (# Cos: 6 | $21.6M) Automaker (Selex) (# Cos: 2 | $21.6M) Motorcycles (Dat Bike) (# Cos: 1 | $16.5M) Taxonomy $ Invested in last 1 year in Vietnam Tech Key Stats # Funding Rounds in last 1 year in Vietnam Tech $8.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $16.5M 1 - 1 1 Dat Bike (2018, Thu Dau Mot, $16.5M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 15. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Recent Funding Rounds K-12 Online Academic Courses - Vietnam 07 15 Back to index Taxonomy $ Invested in last 1 year in Vietnam Tech Key Stats # Funding Rounds in last 1 year in Vietnam Tech $8.0M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $8.0M 3 - 22 0 K-12 EdTech (Marathon Education) (# Cos: 167 | $62.6M) B2C Learning Solutions (Edupia) (# Cos: 101 | $42.6M) School Curriculum (Rockit Online) (# Cos: 54 | $8.5M) Multi Subject (Hocmai) (# Cos: 47 | $8.5M) Online Courses (Vuihoc.vn) (# Cos: 22 | $8.0M) Vuihoc.vn (undefined, Hanoi, $8.0M) Hocmai (2007, Hanoi) VietJack (2015, Hanoi) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Vuihoc.vn (Hanoi) $6.0M - Series A - Jul 2023 $2.0M - Seed - Aug 2022
  • 16. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Recent Funding Rounds Online K-12 Tutoring - Vietnam 08 16 Back to index Taxonomy $ Invested in last 1 year in Vietnam Tech Key Stats # Funding Rounds in last 1 year in Vietnam Tech $5.1M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $6.6M 1 - 4 0 K-12 EdTech (Edupia) (# Cos: 167 | $62.6M) B2C Learning Solutions (Vuihoc.vn) (# Cos: 101 | $42.6M) Diversified (AloWings) (# Cos: 13 | $6.6M) Online Tutoring (Marathon Education) (# Cos: 4 | $6.6M) Marathon Education (2021, Ho Chi Minh City, $6.6M) TutorU (2020, Ho Chi Minh City) LHP E - Learning (undefined, Hanoi) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Marathon E.. (2021, Ho Chi Minh City) $5.1M - Seed - Oct 2022
  • 17. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Recent Funding Rounds Recipe Discovery Platforms - Vietnam 09 17 Back to index Food Tech (Foody) (# Cos: 86 | $10.0M) Recipe Discovery (Cooky) (# Cos: 14 | $5.5M) Taxonomy $ Invested in last 1 year in Vietnam Tech Key Stats # Funding Rounds in last 1 year in Vietnam Tech $4.5M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $5.5M 1 - 14 0 Cooky (2015, Ho Chi Minh City, $5.5M) 365 DELICIOUS Dishes E.. (2019, Tan Binh) day nau an ngon (2015, Ho Chi Minh City) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Cooky (2015, Ho Chi Minh City) $4.5M - Series A - Nov 2022
  • 18. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Recent Funding Rounds Selex (2018, Hanoi) $3.0M - Seed - Apr 2023 Electric 3 wheeler Cargo Manufacturers - Vietnam 10 18 Back to index Electric Vehicles (ChargeNow) (# Cos: 6 | $21.6M) Automaker (Dat Bike) (# Cos: 2 | $21.6M) Three Wheelers (Selex) (# Cos: 1 | $5.1M) Taxonomy $ Invested in last 1 year in Vietnam Tech Key Stats # Funding Rounds in last 1 year in Vietnam Tech $3.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $5.1M 1 - 1 0 Selex (2018, Hanoi, $5.1M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 19. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Recent Funding Rounds Cryptocurrency Exchanges - Vietnam 11 19 Back to index Taxonomy $ Invested in last 1 year in Vietnam Tech Key Stats # Funding Rounds in last 1 year in Vietnam Tech $2.5M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $2.5M 2 - 30 0 Cryptocurrencies (Rikkei Finance) (# Cos: 96 | $19.4M) Financial Services (Coin98) (# Cos: 75 | $19.4M) Investment Industry (Minswap) (# Cos: 52 | $2.5M) Crypto Exchanges (AshSwap) (# Cos: 30 | $2.5M) AshSwap (2021, Ho Chi Minh City, $2.5M) Minswap (2021, Bac Ninh) Bitcoin Vietnam (2013, Ho Chi Minh City) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. AshSwap (2021, Ho Chi Minh City) $2.5M - Seed - Oct 2022
  • 20. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Recent Funding Rounds Internet First Men Casual Apparel Brands - Vietnam 12 20 Back to index Taxonomy $ Invested in last 1 year in Vietnam Tech Key Stats # Funding Rounds in last 1 year in Vietnam Tech $2.3M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $4.8M 1 - 2 0 Fashion Tech (SSSmarket) (# Cos: 115 | $7.3M) B2C Commerce (TOP MOT) (# Cos: 105 | $6.8M) Apparel (Rita Phil) (# Cos: 31 | $4.8M) Casual Wear (Canifa) (# Cos: 21 | $4.8M) Multi Category (Zanado Thời Trang) (# Cos: 21 | $4.8M) Men (Heis.vn) (# Cos: 4 | $4.8M) Internet First Brand (CoolMate) (# Cos: 2 | $4.8M) CoolMate (2018, Hanoi, $4.8M) Heis.vn (undefined, Ho Chi Minh City) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. CoolMate (2018, Hanoi) $2.3M - Series A - Sep 2022
  • 21. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Recent Funding Rounds Audiobook Platforms - Vietnam 13 21 Back to index Book Tech (FAHASA) (# Cos: 48 | $2.9M) Audio Books (Fonos) (# Cos: 5 | $2.9M) Taxonomy $ Invested in last 1 year in Vietnam Tech Key Stats # Funding Rounds in last 1 year in Vietnam Tech $1.8M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $2.9M 1 - 5 1 Fonos (2019, Ho Chi Minh City, $2.9M) SACHNOI.ASIA (2017, Ho Chi Minh City) Soundio (2021, Ho Chi Minh City) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Fonos (2019, Ho Chi Minh City) $1.8M - Seed - Nov 2022
  • 22. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Recent Funding Rounds JobHopin (2016, Ho Chi Minh City) $1.4M - Series A - Sep 2022 Job Matching Platforms - Vietnam 14 22 Back to index HRTech (Base) (# Cos: 214 | $34.9M) Job Board (Vietnam Works) (# Cos: 100 | $3.8M) Job Matching (JobHopin) (# Cos: 4 | $3.8M) Taxonomy $ Invested in last 1 year in Vietnam Tech Key Stats # Funding Rounds in last 1 year in Vietnam Tech $1.4M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $3.8M 1 - 4 1 JobHopin (2016, Ho Chi Minh City, $3.8M) JOBIGO (undefined, Ho Chi Minh City) CxO Search (2017, Ho Chi Minh City) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 23. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Recent Funding Rounds NFT Marketplaces - Vietnam 15 23 Back to index Taxonomy $ Invested in last 1 year in Vietnam Tech Key Stats # Funding Rounds in last 1 year in Vietnam Tech $1.1M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $1.1M 4 - 7 0 Investment Tech (Finhay) (# Cos: 118 | $36.3M) Alternative Investment Platforms (Wiziin) (# Cos: 31 | $1.6M) Non Fungible Tokens (Faraland) (# Cos: 11 | $1.1M) Marketplaces (RFOX) (# Cos: 7 | $1.1M) RFOX (2018, Ho Chi Minh City) Faraland (2020, Hanoi) Oxalus (2022, Hanoi, $1.1M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Oxalus (2022, Hanoi) $1.1M - Seed - Jun 2023
  • 24. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Recent Funding Rounds B2B Grocery Marketplace - Vietnam 16 24 Back to index Taxonomy $ Invested in last 1 year in Vietnam Tech Key Stats # Funding Rounds in last 1 year in Vietnam Tech $1.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $1.0M 1 - 2 0 B2B E-Commerce (Aemi) (# Cos: 53 | $41.1M) Food & Beverages (Kamereo) (# Cos: 9 | $32.6M) Groceries (Telio) (# Cos: 5 | $32.6M) Multi Category (Aimuatuiban) (# Cos: 2 | $1.0M) Marketplace (ODA) (# Cos: 2 | $1.0M) ODA (2019, Ho Chi Minh City, $1.0M) Aimuatuiban (undefined, Ho Chi Minh City) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. ODA (2019, Ho Chi Minh City) $1.0M - Seed - Dec 2022
  • 25. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Recent Funding Rounds Fundraising Platform - Vietnam 17 25 Back to index Taxonomy $ Invested in last 1 year in Vietnam Tech Key Stats # Funding Rounds in last 1 year in Vietnam Tech $500K ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $500K 1 - 5 0 Investment Tech (Finhay) (# Cos: 118 | $36.3M) Alternative Investment Platforms (RFOX) (# Cos: 31 | $1.6M) Private Companies (SanOTC) (# Cos: 6 | $500K) Fundraising (Wiziin) (# Cos: 5 | $500K) Wiziin (2020, Ho Chi Minh City, $500K) Net a Startup (2017, Hanoi) Drop Deck (2016, Ho Chi Minh City) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Wiziin (2020, Ho Chi Minh City) $500K - Seed - Aug 2023
  • 26. Vietnam Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Recent funding rounds Investment Trends Most Active Investors Top Funded Business Models Explore more on Tracxn All Tech Companies Vietnam Tech Companies Online Travel Companies Companies using AI in Healthcare Companies founded by Stanford GSB Alumni Soonicorn club in Fintech Analyst Picks in Vietnam Tech Key News in FinTech Events in United States Angel Investors in Vietnam Bluebox Companies Investment Activity Miscellaneous Company Detail Page of MoMo Competitors of Topica Cap Table for TransferWise Financials for Ola Employee Count for Revolut Company Due Diligence Exits Public Companies Acquired Companies Most Active Acquirers Reports Delhivery - Company Report Novel Foods - Business Model Report HRTech - Feed Report FinTech - Top Business Models Report US Tech - Top Business Models Report US Tech - Monthly Report 26
  • 27. Vietnam Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Explore other Reports on Tracxn HRTech InsurTech Food Tech Novel Foods Blockchain Network P2P Remittance Business Model Reports FinTech - Vietnam Consumer Digital SEA HiTech US Feed Geo Reports Company Reports Monthly Unicorn Report Unicorn Reports Transferwise Coursera BigBasket Feed Reports Top Business Models in PA FinTech Enterprise Applications Artificial Intelligence Geo Monthly Reports US Tech Europe Tech China Tech Top Business Models in Geo India Tech Israel Tech UK & Ireland Tech 27
  • 28. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Vietnam Tech - Top Business Models Report Thank You 28 Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Limited including but not limited to the information contained herein ("Data") is the sole property of Tracxn Technologies Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information. For further information please refer to our Terms of Use at www.tracxn.com