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DealStreetAsia

Vietnam delivery startup Loship said to be seeking debt financing

Move marks shift from previous equity funding plans at 'uncertain time'

Vietnam's Loship delivers everything from coffee to medicine. (Source photo from Loship website)

HANOI -- Vietnam-based one-hour-delivery e-commerce startup Loship is understood to be seeking debt financing instead of pushing ahead with a Series C equity funding round, DealStreetAsia has learned.

In October 2021, DealStreetAsia reported that Loship was in early talks with Japan's Daiwa Securities Group and other investors to raise $50 million in a Series C round after the online delivery startup landed $12 million in a pre-Series C funding round co-led by Ant Group-backed venture capital firm BAce Capital and the investment unit of Sun Hung Kai & Co., an alternative investment company listed in Hong Kong.

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