KiotViet, a service provider platform for micro, small, and medium enterprises (MSMEs) in Vietnam introduced that it has raised $forty five million in its Series B investment spherical led with the aid of using international funding organization KKR.
Existing investor Jungle Ventures, a Singapore-primarily based totally mission capital organization, Kasikorn Bank, and own circle of relatives workplace Can Viet May additionally participated withinside the investment spherical.
Founded in 2014, KiotViet gives cloud-primarily based totally POS answers for Vietnamese SMEs. It gives omnichannel enterprise and control software program answers that consist of stock control, coins float and marketing.
The organisation claims that it’s miles serving over 110,000 MSME clients to date.
KiotViet has moreover increased to provide a B2B procurement market and incorporated logistics offerings for its traders and has plans to leverage its platform to offer economic offerings answers including bills and lending to clients.
“We are excited to welcome KKR as our new investor and are assured that their considerable experience, sturdy international network, and deep enterprise understanding will show precious belongings to our Company as we embark on the following section of our increase journey,” stated KioViet CEO Hao Tran.
KKR is making its funding in KiotViet from its Asian personal fairness fund. KiotViet is KKR’s ultra-modern increase era funding and provides to different current investments along with Lenskart, a main omni-channel eyewear store in India, Adopt A Cow, a digitalized, direct-to-client dairy organisation in China, NetStars, the operator of Japan’s biggest QR code price gateway, and Walnut Programming, a children’s programming schooling organisation in China.
“We are excited to spend money on KiotViet, an progressive enterprise with tremendous increase potential. Our funding in KiotViet marks our 6th in Vietnam and is the primary made thru KKR’s increase era approach in Southeast Asia,” stated Ashish Shastry, co-head of Asia Pacific Private Equity and head of Southeast Asia at KKR.
This milestone displays KKR’s dedication to presenting high-increase era companies – along with the ones at an in advance stage – with long-time period capital and value-introduced support, Shastry.