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Startups

Vietnam's FastGo plans ride-hailing push into US and Brazil

Startup in talks with investors to raise $50m to challenge Uber, Grab and Go-Jek

FastGo plans to raise $50 million in a second round of fundraising during the first half of 2019. 

HO CHI MINH CITY -- Vietnamese ride-hailing startup FastGo is looking to expand to the U.S. and Brazil this year even as it continues moving into major cities across Southeast Asia, with plans to raise $50 million by June to fuel its growth, the company's co-founder says.

"I am interested in expanding beyond the region where we might face competition with others offering ride-hailing apps," Nguyen Huu Tuat told the Nikkei Asian Review in a recent interview at FastGo's headquarters in Hanoi. "The U.S. and Brazil will be our next destinations, as our existing investors and partners come from these countries."

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