Japanese firm invests in Vietnam's Vexere

Tokyo-based CyberAgent Ventures Inc., a venture capital arm of CyberAgent Inc., has 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 know-how.

"The first round of investment has been used to build a bus management system used in the operation 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 Vietnam on their smartphones," Vexere Corporation's President and CEO Tran Nguyen Le Van said.

Source:VNA

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