kindrik partners advises vietnamese B2B e-commerce platform kilo on $5m pre-series A
We’re pleased to have advised Kilo, a Vietnam-based B2B e-commerce platform, on their recent $5 million pre-series A round. The round was led by Altos Ventures and January Capital. Other investors in the round included Goodwater Capital, Ascend Vietnam Ventures, Decisive Capital Management, Ratio Ventures and other angel investors.
Kilo connects wholesalers with micro, small and medium enterprises (MSMEs), providing more transparency and increased efficiency to the industry. The platform enables MSMEs to manage their inventory turnover and save costs. Owners can browse various suppliers and compare costs, as well as view in-stock availability for different items.
The company was founded in 2020 by Kartick Narayan, who is ex-Amazon and ex-Coupang. Today the company has thousands of MSMEs across 24 provinces in Vietnam.
The funds will allow Kilo to expand its team and focus on product development, such as adding features to its platform like financing, logistics, and self-service e-commerce store creation for MSMEs.
Chris Wilson, Partner at Kindrik Partners says, “we have seen significant interest in startups targeting MSMEs in developing countries across Southeast Asia. It is great to see technology companies like Kilo assisting these small businesses that are such a vital part of the market for consumers and the local economies.”
Read our other recent deal announcements here.