Ecommerce platform Sendo gets US$51m from new investorsHo Chi Minh City-based ecommerce portal Sendo.vn has raised US$51 million in a round of Series B funding from eight foreign investors, Sen Do Technology JSC (Sendo) said in a statement issued today, August 16, by PRNewswire. The latest funding round will increase SBI Holdings’ ownership in Sendo to 20.8%. SoftBank Ventures Korea, Daiwa PI Partners and SKS Ventures are the new investors in this round. “The funding will help the company to expand the C2C (consumer-to-consumer) platform Sendo, launch the B2C (business-to-consumer) marketplace SenMall and make SenPay the leading fintech platform in Vietnam,” said Nguyen Dac Viet Dung, executive chairman and co-founder of Sendo. Founded in 2012, Sendo is an online platform on which individuals and small businesses sell their goods.

Source: VietNamNet News August 17, 2018 09:56 UTC