Vietnam delivery startup Loship said to be seeking debt financing

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

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

QUYNH NGUYEN and NGOC NGYUEN, DealStreetAsia

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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