, a Vietnam-based ecommerce platform, has raised USD 7 million in Series B round to invest in regional expansion and onboarding new brands. The investors were GS Shop and Belt Road Capital Management. GS Shop is a large Korea-based retail company that got its start as a television home shopping company, while Belt Road Capital Management is a Cambodia-based private equity firm focussed on the Mekong region. The latest round comes about a year after Leflair raised USD 3 million in Series A and it brings the startup’s total gain to USD 12 million. The company claims to have grown by 100% year-on-year since 2015.
Vietnamese e-commerce platform Leflair has raised $7m in a series B funding round, with participation from Korean retail company GS Shop and Cambodian private equity firm Belt Road Capital Management. The startup is based on the premise that people can buy goods online without leaving their homes. The e-commerce company has reported 100% YoY growth since 2015.