Vietnam Hotel Booking Startup Raises US$3m Funding Round

Vietnamese hotel booking startup has secured US$3 million in the first round of funding from Singapore-based private equity firm F&H Fund Management Pte Ltd.
With the funding, Vntrip is now valued at nearly VND300 billion ($13.2 million), according to news website VnExpress.
Le Dac Lam, its founder, was quoted as saying that the money would allow the company to improve and promote its business.
Founded in 2014, the website is a partner of and provides booking services at more than 6,000 hotels in Vietnam and nearly 900,000 around the world. Its mobile application is now available.
F&H, founded by John Wu, former chief technology officer of Chinese e-commerce giant Alibaba, mainly invests in Asian startups in their early stages.

About Author

Founded by two travel and technology professionals with years of experience in Asia, Representasia specialises in sales & marketing representation throughout Southeast Asia for travel/hospitality technology providers and travel-related startups, as well as providing marketing consultancy services for hotels and travel businesses in the region.

Join the Conversation!