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Be Group expanding its ride, delivery and fintech offerings.
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Upstart targets $200 million in gross revenue in two years.
Vietnam’s Be Group raised 739.5 billion dong ($30 million) in fresh funding, accelerating its push to take on larger rival Grab Holdings Ltd. in markets from ride-hailing to deliveries.
Local firm VPBank Securities is providing the funding and will own shares in BE Group’s parent upon closing of the round, according to a statement from the technology company Wednesday.
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Source: Vietnam Insider