ScaleUP, a provider of groundbreaking multi-channel sales solutions for e-commerce, has just announced receiving seed funding from Nextrans investment fund (Korea).
The capital amount is not disclosed, but this is a round where startups really need capital to develop their business ideas. Behind these capital calls are usually angel investors, fixed funds or incubators and startup acceleration programs. Normally, the investment amount in this round ranges from a minimum of 100.000 USD - 1 million USD.
Established in 2023 by a team of people with many years of experience in the large-scale retail and e-commerce industry in Vietnam, ScaleUP is a Scale-as-a Service solution provider, also known as ScaleUP. called Growth-as -a Service (Growth as a service) in the Vietnamese market.
Specifically, with many e-commerce sales solutions that only provide a platform, businesses must train and operate, ScaleUp's solution is a complete package. Businesses can use it almost immediately.
ScaleUp's target customers are businesses and retail brands in the fields of fashion, fast-moving consumer goods, cosmetics... to help them exploit the full potential of multi-channel sales and achieve outstanding revenue growth. The company focuses on increasing profitability and sustainability of omnichannel sales for customer businesses.
The company provides services and technology solutions to help businesses and retail brands in the fields of fashion, fast-moving consumer goods, cosmetics... exploit the full potential of multi-channel sales, exceeding revenue growth. dominant.
Specifically, ScaleUP will help businesses manage sales on many different online platforms combined with the current physical store system. The company focuses on profitability and sustainability of omnichannel selling for customer businesses.
Mr. Nguyen Quoc Tuan, Founder of ScaleUP, retail businesses must invest heavily in systems and human resources to develop multi-channel effectively. That is ScaleUP's opportunity when the company provides synchronous multi-channel sales solutions with flexible investment costs according to business needs.
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| Before founding ScaleUP, Mr. Tuan spent more than 10 years in executive roles at popular multi-channel fashion retail organizations in Vietnam such as Juno and Hoang Phuc International. |
According to Mr. Tuan, most Vietnamese founders are very good at developing products, building brands and developing sales on traditional channels (usually offline).
When online development requires investment in technology, people, and complex operations... businesses are often confused and drawn to ineffective growth methods such as investing too heavily in advertising and not being able to evaluate. Effective when cooperating with many e-commerce platforms. In particular, current service providers in the market often only care about increasing sales and do not care about the final business performance of customers.
"Developing multi-channel sales for businesses is definitely a must, but doing so effectively and sustainably is the solution we aim for," Mr. Tuan said.
Nextrans Investment Fund has supported more than 100 start-ups around the world since 2004 and started investing in Vietnamese start-ups since 2015. Up to now, the fund has invested in more than 50.000 startups. up Vietnam, each minimum investment is 1,5 USD, maximum is XNUMX million USD. The fund has invested in startups such as Base.vn, Cooky.vn Vuihoc, Azota...
The fund often focuses on finding startups with technology elements with high growth rates, shown through a quite diverse investment portfolio, including edtech (educational technology), proptech (real estate technology), medtech (medical technology), SaaS (software application service distribution), OTA (online travel agency), logistics...
