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Vietnam B2B e-commerce startup Telio looks to raise as much as $60m

Company says it serves over 60,000 businesses in domestic market

Telio is part of Vietnam's relatively new B2B e-commerce sector, which analysts say is attractive for investors as the nation is a key manufacturing hub. (Screenshot from Telio's website) 

HANOI -- Vietnam business-to-business (B2B) e-commerce startup Telio is looking to raise between $50 million and $60 million in a new funding round, according to sources.

A private equity investor is leading the round, one of the sources said. The lead investor will join as a new backer in Telio.

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