HANOI”HANOI” — Vietnamese business-to business startup vietnamese kiotviet smbs kkr 6m seriesnguyendealstreetasia, a platform for merchants for micro small and medium-sized enterprises (MSMEs) has raised $45m in an investment round in the form of a Series B from private equity firm KKR with participation from its existing shareholder Jungle Ventures.
The statement is a confirmation of DealStreetAsia’s prior report on KiotViet’s plans for fundraising.
Kasikorn Bank and family office Cao Viet My also participated in the most recent round of funding.
The investment of KKR in KiotViet pos was made through it’s Asian private equity fund.
KKR has made its investment in kiotviet pos smbs kkr 6m seriesnguyendealstreetasia through the funds of its Asian Private Equity fund. KiotViet is the latest KKR technology investment that is growing and adds to its other recent investments, which include Lenskart the leading retailing site for eyewear that is omni-channel located in India, Adopt A Cow which is a direct-to-consumer digitalized dairy business that is based in China, NetStars, the operator of Japan’s biggest QR code payment gateway as well as Walnut Programming, a children’s education and programming business located in China.
“We are thrilled to make a decision to invest in vietnamese pos smbs 45m kkr seriesnguyendealstreetasia as a business that is innovative with tremendous growth potential. The investment we made in KiotViet is our sixth within Vietnam and the only one to be made under the growth strategy of KKR’s within pos smbs series kkr 6m seriesnguyendealstreetasia,” said Ashish Shastry the co-head of Asia Pacific Private Equity and director for Southeast Asia at KKR.
This milestone is a sign of KKR’s dedication to providing technology companies with high growth even earlier in their development with long-term capital and value-added assistance, Shastry.
In Vietnam, kiotviet pos series kkr 6m, which offers software solutions to businesses has announced that it has raised US$45 million in its most recent round of capital.
More funding details
- Lead investor: KKR
- Returning investor: Jungle Ventures
- Stage: Series B
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