HO CHI MINH CITY -- Vietnamese ride-hailing startup Be Group said it has raised 740 billion dong ($30 million) from VPBank Securities, as it seeks profitability by year's end despite rival Grab dominating the market.
Technology
Vietnamese ride hailer Be Group raises $30m to fend off Grab
Startup also offers VinFast EV taxi rides, digital banking and food delivery
Singapore-based Grab is the most popular ride-hailing service in Vietnam, but homegrown challenger Be says it will reach profitability this year with its diverse offerings. (Photo by Lien Hoang)
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