Dueling with foreign giants Grab, Baemin, ShopeeFood, a Vietnamese food delivery app has just entered the top 100 fastest growing companies in Asia
Recently, Financial Times magazine has just announced the list of 500 fastest growing companies in the Asia-Pacific region. This is the fourth year in a row that this list has been published.
Notably, to enter the top 100, candidates need to achieve revenue growth of up to 100% per year, and maintain this rate for 3 consecutive financial years. The ranking does not show Chinese companies because the data is difficult to confirm, the Financial Times said.
This year, Vietnam has 4 names appearing on the list of Financial Times. In which, the food delivery application Loship has the highest position compared to the other 3 names. Specifically, Loship ranked at number 47 with a compound annual growth rate (CARG) of 127.3%, a staff size of 200 people, The revenue of this startup increased from $ 1.24 million in 2017 to 14.54 million USD in 2020.
Also in the top 500 but behind Loship is Dwarves Foundation, a Vietnamese software innovation company, at 63 with a CARG of 114.8 percent.
The two remaining Vietnamese companies on the list are Orient Software (technology field) and ConeXagency (advertising field) respectively ranked at 266 (CARG 46.7%) and 35th (CARG 36) respectively. ,4%).
Established at the end of 2017, Loship is a food delivery application developed by Vietnamese people and has been present in more than 12 major cities and provinces across the country.
Last August, Loship completed a $12 million Pre-Series C funding round, led by BAce Capital and Sun Hung Kai. In particular, BAce Capital is known as an investment fund backed by Alibaba and Ant Financial of billionaire Jack Ma. Sun Hung Kai is Hong Kong’s leading alternative investment company. Loship is also the first investment of these two units in the Vietnamese market.
Not following aggressive marketing campaigns, the Loship brand focuses on creative, customer-oriented and customer-centric communication activities.
Specifically, in the latest marketing campaign, Loship has given customers full rights to create content displayed on OOH (Out-Of-Home) outdoor advertising media. The campaign was initiated from a post on the Loship fanpage to solicit customer opinions on the content printed on the awning awning. After that, the brand quickly constructs and installs it for free at partner stores.
Up to mid-February, Loship has constructed more than 300 canvases installed at 300 stores in Ho Chi Minh City and Hanoi. The entire content on the canvas is completely different and is contributed by more than 1000 customers, creating and building stories with Loship – a number that is not small compared to a Vietnamese startup.
By Business and Marketing
at Blogtuan.info – Source: cafebiz.vn – Read the original article here