VNG announces $6 million investment in Got It

March, 14/2021 - 16:32
VNG Corporation (VNG) has just announced its strategic investment of US$6 million in Got It, a premium digital gifting, loyalty and rewards voucher platform in Viet Nam.

 

Got It has built a reputation of trust and quality through developing a premium digital loyalty, rewards and gifting platform with a client portfolio nearing 500 of the largest multinational and national companies across Việt Nam.  — Photo courtesy of VNG

HÀ NỘI —  VNG Corporation (VNG) has just announced its strategic investment of US$6 million in Got It, a premium digital gifting, loyalty and rewards voucher platform in Việt Nam.

While Got It has a proven track record for delivering quality products and possesses a strong vision and capability for growth in the local market, VNG’s investment in the firm would open up enormous possibilities, not only in voucher technology but also in Artificial Intelligence and P2P (Person to Person) gifting in Việt Nam, according to VNG.

Established in 2015, Got It has built a reputation of trust and quality through developing a premium digital loyalty, rewards and gifting platform. With a client portfolio nearing 500 of the largest multinational and national companies across Viet Nam, it was also the only Vietnamese representative and recent winner of Startup-O’s Asia All Stars Competition. 

Established in 2014, VNG is the local leading tech firm with a diverse ecosystem of products serving the needs of 100 million customers in Viet Nam and many countries around the world.

From the deal, Got It and VNG are working to launch a fun, premium instant person to person (P2P) gifting solution.  The Got It premium voucher offers instant choice at over 160 famous brands, spanning over 12,000 locations nationwide.

Along with matching values of people, innovation and integrity, Got It was expected to bring new opportunities for VNG to expand existing gifting services, Business to Business channels and Merchant networks, especially for its Zalo and ZaloPay users. VNG always seeks investments that bring users even more enjoyment and benefits and Got It is a perfect fit for this strategy.

Lê Hồng Minh, co-founder and CEO of VNG said: “After 17 years working in the Vietnamese technology industry, we increasingly feel that our mission is not only to focus on developing VNG ourselves but also to help other start-ups grow and thrive, establishing an ecosystem of Viet Nam technology companies. Since mid-2020, VNG has been pushing our strategy of finding potential start-ups for long-term investment and companionship."

At the same time, Bruce Moulin, Co-Founder and CEO of Got It, said: “It has been our goal to partner with VNG since we first launched Got It back in 2015. Our new partnership allows Got It access to exciting new technologies and many of the sharpest tech minds in the country." — VNS

 

 

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