Vietnam-based one-hour-delivery e-commerce startup Loship is understood to be seeking debt financing instead of going ahead with its Series C equity funding round, as the current fundraising climate is not as rosy as it was, DealStreetAsia has learnt.
In October 2021, DealStreetAsia had reported that Loship was in early talks with Japan’s Daiwa Securities Group and other investors to raise $50 million in a Series C round, after the online delivery startup landed $12 million in a pre-Series C funding round co-led by the Ant Group-backed venture capital firm BAce Capital and the investment unit of Sun Hung Kai & Co. Limited, an alternative investment company listed in Hong Kong.