Motorbike trading startup Okxe Vietnam raises $5.5 mln – VnExpress International


By Ha Thanh  &nbspAugust 22, 2020 | 07:55 am GMT+7
Motorbike trading startup Okxe Vietnam raises $5.5 mln  Motorbike trading startup Okxe Vietnam raises $5.5 mln - VnExpress International cover1553069010341015530690206 3971 7572 1598003156

Motorbikes stranded on a street in Hanoi. Photo by VnExpress/Phuong Son.

Motorbike selling platform Okxe Vietnam has raised $5.5 million from six South Korean investors in Series A funding.

The startup said in a statement that it plans to use the money from the group of investors, which include IMM Investment Corp and KB Investment, to fund its expansion.

Okxe Vietnam was introduced in October 2018 to help connect buyers and sellers of used motorbikes via a smartphone app and a website.

CEO Kim WooSeok said that the Vietnamese market has a lot of potential with 45 million motorbikes on the road and most families owning at least two motorbikes.

However, a buyer has to contend with several issues when looking for a used motorbike, such as parts being swapped or having to pay high brokerage, he said.

“This is why we have built a platform to help buyers easily search for and examine used motorbikes,” he added.

e.VnExpress

What's Your Reaction?

Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Like Like
0
Like
Lol Lol
0
Lol
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Comments 0

Your email address will not be published. Required fields are marked *

Motorbike trading startup Okxe Vietnam raises $5.5 mln – VnExpress International

log in

Become a part of our community!

reset password

Back to
log in
error: Content is protected !!
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF