The Highlights:
Kilo bagged an undisclosed seed funding from US-based Goodwater Capital and 500 Fintech, Singapore’s January Capital, 500 Startups Vietnam, and other prominent angel investors in the region.
Kilo’s intention is to bring a modern shopping format to traditional retail, not building a better product.
The first-time start-up founder keeps in mind to never put the cart before the horse and instead focuses on doubling down the existing product to make it very solid.
Traditional retail is not dead, but it is changing. With the right strategies to effectively drive innovation in a rapidly changing marketplace, the growth cycle for both demand and supply will continue to expand.
Kilo — a Vietnam-based tech startup — believes the next generation of retail platforms must not only have the advancing innovation but the willingness to approach and solve existing problems in a different way.
Read the full article on VietLaunch