Vietnam’s online travel booking startup Vntrip raises funding from Swiss investor

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Last November, Vntrip secured an undisclosed sum in funding from late-stage investment company Hendale Capital

Vntrip, an online travel agency in Vietnam, announced today it has raised an undisclosed sum in strategic investment from Swiss investor IHAG Holding at a US$45 million valuation.

The details of the transaction were not disclosed.

“We are excited at the prospect of working with IHAG as they bring additional perspective into the travel market in Vietnam through their experience within the industry. IHAG’s involvement broadens our investor base and positions the company well for our next round of financing,” said Lam Le Dac, Co-founder and CEO of Vntrip.

Headquartered in Hanoi, Vntrip an online platform to book for hotels rooms. The firm claims to be offering the best prices, free airport shuttle services, convenient payment methods and customer service.

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Last November, Vntrip secured an undisclosed sum in funding from late-stage investment company Hendale Capital. Previously, the OTA had raised US$3 million in Series A from a consortium of investors, led by former Alibaba veteran John Wu.

Based in Switzerland, IHAG is an independent, family-owned group of companies. IHAG has a long history of supporting companies in a variety of industries and countries. According to IHAG, Vntrip has a successful and highly scalable business model well suited to the fast-growing Vietnamese travel market.

The post Vietnam’s online travel booking startup Vntrip raises funding from Swiss investor appeared first on e27.

Source: E27