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Nguyen Hai Ninh at M Village in HCMC. Photograph courtesy of Ninh
M Village, an lodging startup in co-living areas, has acquired funding of US$1.7 million led by Singaporean enterprise fund Easy Tech Funding.
The cash might be used for increasing the variety of rooms the startup has in Ho Chi Minh Metropolis from the present 300 to 1,000 this yr.
Its founder, Nguyen Hai Ninh, can be the founder and ex-CEO of The Espresso Home, a HCMC-based espresso chain that has over 140 shops throughout Vietnam.
He stated: “The fund-raising course of began late final yr and it has labored out fairly nicely. Easy Tech Funding agreed on investing after a month of attending to know one another”.
Easy Tech has beforehand invested in digital transformation by some Vietnamese companies, together with on-line advertiser 24h, human sources service SieuViet Group, and main barbershop chain 30Shine.
M Village has additionally acquired funding from Singapore’s Vulpes Enterprise, Japan’s Genesia Ventures and a few angel traders.
Based in October 2020, M Village operates 5 areas in Ho Chi Minh Metropolis with their occupancy charges exceed 90 p.c.
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