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Ho Chi Minh City

16 Most Established Startups in Ho Chi Minh City

There are hundreds of fast-growing startups in Ho Chi Minh City and we have compiled the 16 best ones in this blog article.

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There's no doubt that Ho Chi Minh City has become a leading hub for technology-based startups.

Some of the world's most successful ones reside there.

Major factors behind Ho Chi Minh City's success with these startups include an abundance of highly skilled talent, government support that includes tax incentives, and progressive attitudes towards startups.

Here's a list with 16 fast-growing startups located there.


16 Startups in Ho Chi Minh City

1) Axie Infinity

1) Axie Infinity

Axie Infinity is a game in which players acquire, raise, and battle fantasy creatures known as Axies.

Details of the startup:

  • Started in: 2018
  • Industries: Blockchain, Video Games
  • Number of employees: 11-50
  • Funding amount: $9,000,000
  • Number of funding rounds: 3
  • Number of investors: 10

You can find their website here.

2) Momo

2) Momo

Momo is an e-wallet and payments app that enables users to make digital payments and money transfers.

Details of the startup:

  • Started in: 2007
  • Founders: Diep Nguyen, Tuong Nguyen
  • Industries: Finance, FinTech, Mobile Payments, Payments
  • Number of employees: 251-500
  • Funding amount: $233,750,000
  • Number of funding rounds: 4
  • Number of investors: 8

You can find their website here.

3) Tiki Corporation

3) Tiki Corporation

Tiki.vn is Vietnam's fastest-growing retail company, with a strong chance of becoming a market leader.

Details of the startup:

  • Started in: 2010
  • Founders: Son Tran Ngoc Thai
  • Industries: E-Commerce, Retail, Shopping
  • Number of employees: 501-1000
  • Funding amount: $192,500,000
  • Number of funding rounds: 7
  • Number of investors: 11

You can find their website here.

4) Sendo

4) Sendo

Sendo is an online store that sells apparel, homeware, cosmetics, tech accessories, and other items.

Details of the startup:

  • Started in: 2012
  • Founders: Dung Nguyen Dac Viet, Nguyen Phuong Hoang, Tran Hai Linh
  • Industries: Consumer Electronics, Consumer Goods, E-Commerce
  • Number of employees: 251-500
  • Funding amount: $112,000,000
  • Number of funding rounds: 8
  • Number of investors: 12

You can find their website here.

5) Sky Mavis

5) Sky Mavis

Blockchain Technology Simplified - We use fun and practical applications to introduce the benefits of blockchain to everyone.

Details of the startup:

  • Started in: 2019
  • Founders: Aleksander Leonard Larsen, Jeffrey Zirlin, Trung Nguyen
  • Industries: Blockchain, Video Games
  • Number of employees: 11-50
  • Funding amount: $9,000,000
  • Number of funding rounds: 2
  • Number of investors: 16

You can find their website here.

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6) POPS Worldwide

6) POPS Worldwide

POPS Worldwide is a digital entertainment firm that creates original material in a wide range of genres.

Details of the startup:

  • Started in: 2008
  • Founders: Esther Nguyen
  • Industries: Digital Entertainment, Digital Media, Film Production, Internet, Music, Social Media, Video
  • Number of employees: 101-250
  • Funding amount: $31,820,509
  • Number of funding rounds: 3
  • Number of investors: 4

You can find their website here.

7) FE CREDIT

7) FE CREDIT

Consumer loan services are provided through FE CREDIT, a consumer finance market.

Details of the startup:

  • Started in: 2015
  • Industries: Commercial, Consumer Lending, Finance, Financial Services
  • Number of employees: 501-1000
  • Funding amount: $50,000,000
  • Number of funding rounds: 1

You can find their website here.

8) Propzy

8) Propzy

Propzy is a real estate platform that strives to make buying, selling, and renting a home as safe as possible.

Details of the startup:

  • Started in: 2014
  • Founders: John Le
  • Industries: Marketplace, Real Estate, Social Media
  • Number of employees: 501-1000
  • Funding amount: $33,000,000
  • Number of funding rounds: 3
  • Number of investors: 11

You can find their website here.

9) MASAN Group

9) MASAN Group

MASAN Group is one of Vietnam's largest private corporations, focusing on the consumer and resource industries.

Details of the startup:

  • Started in: 1996
  • Founders: Nguyen Dang Quang
  • Industries: Finance, Financial Exchanges, Financial Services
  • Number of employees: 1001-5000
  • Funding amount: $250,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

10) EcoTruck

10) EcoTruck

EcoTruck is a business-to-business logistics enterprise.

Details of the startup:

  • Started in: 2017
  • Founders: Anh Le
  • Industries: Logistics, Supply Chain Management
  • Number of employees: 101-250
  • Funding amount: $4,000,000
  • Number of funding rounds: 3
  • Number of investors: 5

You can find their website here.

11) Buy2sell

11) Buy2sell

Buy2sell is a platform for importing products' supply chain and distribution.

Details of the startup:

  • Started in: 2015
  • Industries: Consulting, E-Commerce, Marketplace
  • Number of employees: 101-250
  • Funding amount: $10,000,000
  • Number of funding rounds: 1

You can find their website here.

12) Luxstay

12) Luxstay

An online short-term rental platform and hospitality service that allows guests to stay in the homes of locals for a unique experience.

Details of the startup:

  • Started in: 2016
  • Founders: Steven Nguyen
  • Industries: Hospitality, Sharing Economy, Travel Accommodations, Vacation Rental
  • Number of employees: 101-250
  • Funding amount: $10,500,000
  • Number of funding rounds: 4
  • Number of investors: 8

You can find their website here.

13) Pharmacity

13) Pharmacity

Pharmacity is a retail drugstore business that sells a wide range of healthcare products.

Details of the startup:

  • Started in: 2011
  • Founders: Thien Le
  • Industries: Health Care, Medical, Pharmaceutical, Retail
  • Number of employees: 501-1000
  • Funding amount: $31,800,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

14) Jio Health

14) Jio Health

Jio Health keeps track of vital signs, manages prescriptions, and establishes meaningful connections with clinicians and caregivers.

Details of the startup:

  • Started in: 2016
  • Founders: Raghu Rai
  • Industries: Fitness, Health Care, Wellness
  • Number of employees: 101-250
  • Funding amount: $7,726,020
  • Number of funding rounds: 2
  • Number of investors: 1

You can find their website here.

15) Go2Joy

15) Go2Joy

Go2Joy is a mobile O2O platform in Vietnam that connects local hotels and local hotel users.

Details of the startup:

  • Started in: 2016
  • Founders: Simon Byun
  • Industries: Android, Apps, Hospitality, Hotel, iOS, Mobile Apps, Travel Accommodations
  • Number of employees: 11-50
  • Funding amount: $6,100,000
  • Number of funding rounds: 3
  • Number of investors: 5

You can find their website here.

16) YOLA

16) YOLA

YOLA offers junior English classes.

Details of the startup:

  • Started in: 2009
  • Industries: E-Learning, EdTech, Education
  • Number of employees: 51-100
  • Funding amount: $14,900,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

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