Vietnam's VeXeRe raises funding from Woowa Brothers, Ncore, Access Ventures
Summary
Vietnam-based startup that operates online bus ticket and car booking system VeXeRe has raised an undisclosed amount from South Korea’s Woowa Brothers, Ncore Ventures, Access Ventures, and another investor whose name could not be ascertained. The corpus will be used by the company to achieve strong growth targets in 2020 and expand its operations through other segments, according to an announcement. Founded in 2013, VeXeRe claims to help bus companies manage their systems more effectively, while also facilitating booking options for millions of customers. The company earlier saw a funding by Japan’s CyberAgent Capital (the VC firm has many investments in Vietnam such as Tiki, Foody, Topica, Luxstay), Singapore’s Pix Vine Capital, Spiral Ventures and South Korea’s BonAngels. In February 2019, Woowa Brothers acquired Vietnamese food delivery company Vietnammm.