Got It Receives Investment of $6m from VNG Launching P2P Solutions in Vietnam 

VNG Corporation, the web-tech giant of Vietnam, is set to invest in Got It, a tech startup platform. Got It has been gaining attention for a while now. This investment and affiliation with VNG will boost the expansion of the startup’s work further.

Got It Receives Investment of $6m from VNG Launching P2P Solutions in Vietnam

Got It works with SaaS and PaaS products. Big firms like Google, Oracle and Microsoft are already using the platform as the massive improvement in user experience is remarkable. It has proven that the in-product usage is more productive. 

The VNG Corp investment is going to boost the P2P gifting solution in Vietnam. The startup is going to launch premium instant P2P solution in its platform. It is also going to develop the networks of merchants and B2B channels. The focus will mainly be on Zalopay and Zalo. Got It will also work on its pre-existing reward vouchers and loyalty programmes.

At 25% stake of Got It, the $6 million investment of the Vietnamese web giant VNG Corp, seems promising and already a good action to take. From the predictions early on this stage, there may be a stunning $25 million valuation post-investment for Got It.

According to the claims of the tech startup, more than 500 of the largest companies, both national and multinational is included in its client base. Got It and VNG are joining forces to reach 160 brand partners and are going to launch a premium instant P2P gifting solution. This expansion means that the firm will be covering more than 12,000 locations in Vietnam. 

The Co-founder and CEO of VNG Corporation, Le Hong Minh has stated, 

“Since mid-2020, VNG has been pushing its strategy of finding potential startups for long-term investment and companionship.”

VNG Corporation, publicly called the first tech unicorn in Vietnam, is investing the second time in a local startup this time in exchange for the stake holder equity. Last year, the company invested $4.4 million in EcoTruck in exchange for 20% stake, which is a logistics startup. And at 22% stake, the firm also has early investment in Tiki, an e-commerce platform.

Although the web-tech giant VNG Corporation started out in the gaming industry, it has since expanded which include sectors like- digital payments, cloud services, e-commerce, digital content etc. This investment will not only provide the boost that Got It was in need of but also expand VNG Corporation work as well.

To sum it up, it may be optimistic to say we can expect great things. But by the looks of it, it holds a pretty good possibility. You can check out more on Got It in their website- https://www.got-it.ai/ and about VNG Corporation on their website- https://www.vng.com.vn/.