Vietnam’s food ordering startup Lozi, which owns the on-demand delivery service LoShip, has raised a bridge round of financing led by Singapore-based Vulpes Investment Management, CEO & Founder of the company Nguyen Hoang Trung confirmed to DealStreetAsia.
Other investors including Saudi Arabia-based Daal Ventures, Wealth Well, Nigerian VC firm Eucagi Ventures, KI Group, and Moje Akhbari, who was the former managing director for Starbucks Greece and Cyprus, also joined this funding round.
The new financing will fuel Lozi’s latest growth area, a business-to-business (B2B) delivery-offering for small businesses.
Founded in 2013, Lozi was originally an app for people to find food, beverages, and coffee shops.
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