Japanese firm invests in VN's Vexere Corp

Friday, Jun 26, 2015 13:45

The investment amount in the first round of the Tokyo-based CyberAgent Ventures Inc helps Viet Nam's Vexere Corporation to build a bus management system software applied in operations processes of 30 local bus operators. The second round of the investment is announced on June 25. — Photo courtesy of Vexere Corporation

HA NOI (Biz Hub) — Tokyo-based CyberAgent Ventures Inc, a venture capital arm of CyberAgent Inc, on June 25 announced its investment in Vexere Corporation, a start-up that operates an online bus ticket booking portal.

This is its second round of investment in the Vietnamese firm, in which Singapore-based Pix Vine Capital has also invested. The funds are said to be used for accelerating the growth of Vexere Corporation's users and partners. CyberAgent Ventures will contribute to raising Vexere's value by making the most of its resources such as existing operations, business experiences and knowhow.

"The first round of investment has been used to build a bus management system software used in operations processes of 30 local bus operators. The owners can check the number of tickets sold at their offices, and the number of tickets sold for every route in Viet Nam on their smartphones," Vexere Corporation's President and CEO Tran Nguyen Le Van said. "The investment amount also helps to increase the website traffic to 700,000 per month."

Vexere Corporation, launched in July 2013, is the number one online bus ticket booking portal in Viet Nam, which has information about more than 1,000 bus operators, and has 700,000 monthly visitors. — VNS

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