VietKiot is a cloud-primarily based totally POS solution company for small and medium sized corporations in Vietnam. Kiotviet pursuits to come to be the maximum famous era answer issuer in Southeast Asia.
KKR invests in kiotviet pos smbs kkr 6m
The worldwide funding corporation KKR has currently invested in Vietnamese organisation-to-commercial enterprise startup KiotViet. KiotViet offers cloud-primarily based totally POS (factor of sale) answers to medium and small establishments in Vietnam. It additionally gives omnichannel commercial enterprise control software program answers. In addition, KiotViet plans to leverage its platform to offer monetary services, lending, and fee alternatives to its customers.
Founded in 2014, KiotViet pursuits to assist homegrown MSMEs digitize their corporations via way of means of supplying smart, cloud-primarily based totally software program for income and operations. With its present day funding, KKR has come to be the main investor in KiotViet.
KiotViet gives a extensive variety of services, from factor-of-sale, stock control, coins flow, and advertising and marketing to worker control and logistics. Its answers are utilized by extra than 150,000 MSMEs and 15 industries. These consist of eyewear retailers, kid’s training, and wholesale commerce.
KKR’s present day funding comes from its Asian non-public fairness fund. This is the primary time the worldwide funding corporation has invested thru this approach in Southeast Asia. KKR is understood for its dedication to making an investment in high-increase era groups and is devoted to helping them with long-time period capital and value-introduced aid.
KKR’s present day increase era funding is an critical step in its persisted funding withinside the booming Southeast Asia era marketplace. KKR has additionally made investments withinside the Chinese DTC dairy business enterprise Adopt A Cow and Indian eyewear store Lenskart.
VietKiot is a cloud-primarily based totally POS solution company for Vietnamese small and medium sized corporations
KiotViet is a cloud-primarily based totally POS solution company for Vietnamese small and medium sized corporations. Its control answers are aimed toward supplying micro corporations with the gear they want to function withinside the present day world. The business enterprise claims that it has a client base of over 70,000 shops in sixty three Vietnamese provinces.
As for its services, KiotViet has multiplied its services to consist of logistics answers for merchants. The business enterprise says it has a vested hobby withinside the burgeoning B2B procurement marketplace in Vietnam. With an excellent personnel of over 900 personnel and a plethora of customers, the business enterprise has grown in length and in stature.
While KiotViet has been an upstart, it has made a few main strides withinside the beyond year. In the beyond 12 months, the business enterprise has improved its headcount via way of means of 50%, improved its sales via way of means of 100% and boasted the honour of being part of the country’s pinnacle 50 IT groups. Despite the business enterprise’s fast increase, its crew of committed IT specialists has controlled to keep a work/existence balance. To upload to the listing of accomplishments, the business enterprise has obtained numerous awards, maximum drastically the award for the first-rate organisation cloud platform in Asia.
On a extra technical note, the business enterprise’s present day spherical of investment got here from Singapore’s Jungle Ventures. This VC – that’s first-rate recognised for its early stage, overdue stage, and advert hoc task investments – has the honor of being the primary to make an reputable funding in a Vietnamese startup.
read more news : Vietnamese startup KiotViet, which provides cloud-based POS software for SMBs, raises $45M Series B led by KKR, after raising a $6M Series A in 2019 (Quynh Nguyen/DealStreetAsia)
KiotViet pursuits to come to be the maximum famous era answer issuer for establishments in Southeast Asia
KiotViet is an internet commercial enterprise platform that allows small and medium establishments (SMEs) to digitalise their corporations. The business enterprise gives software program to retail, wholesale, and control corporations. In fact, extra than 110,000 Vietnamese SMEs are presently digitised the use of the business enterprise’s software program.
KiotViet become based in 2014. Its important product is a cloud-primarily based totally factor of sale system. However, it has additionally evolved answers to assist corporations control offline income and operations. For example, it lets in coverage groups to promote guidelines thru its on-premises app.
KiotViet has currently introduced its plans to make bigger into Southeast Asia and Indonesia. This consists of hiring key executives and upgrading the fine of its products. KKR is one in all the largest buyers withinside the startup.
KKR’s funding comes after it made some investments in Southeast Asia in latest months. Other investments consist of VNLife, a Vietnam unicorn; Adopt A Cow, a digitalized dairy business enterprise in China; and Lenskart, an Indian direct-to-purchaser domestic upkeep platform.
KKR’s Asia Next Generation Technology approach pursuits to aid high-increase era groups. KiotViet is the primary business enterprise in Southeast Asia to acquire an funding thru this program.
The business enterprise pursuits to come to be a main era answer issuer for establishments in Southeast Asia. It has a protracted runway for increase. By leveraging its platform, it plans to provide monetary services, lending, and payments. Ultimately, it desires to come to be a worldwide player.