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Japanese funding for housekeeping startup

Released at: 16:55, 21/01/2016

Japanese funding for housekeeping startup

Cyberagent Ventures provides financial backing for Jupviec.vn in a first for this type of service.

by Hoai An

Jupviec.vn, a Vietnam-based housekeeping services startup, has raised funding from Cyberagent Ventures, marking the first investment by an overseas venture capital firm in the segment.

The amount of the Japanese-owned venture capital firm’s funding was not revealed.

“Jupviec.vn is a promising startup in the on-demand maid service field, helping create jobs and also meeting the huge demand of local families,” head of Vietnam and Thailand operations at CyberAgent Ventures, Mr. Nguyen Manh Dung, said. “I hope Jupviec.vn will grow exponentially not only in Vietnam but also in other Southeast Asian countries.”

Jupviec.vn, considered “Uber for Maids” in Vietnam and currently has more than 10,000 customers in Hanoi. With the new investment it hopes to take the service to Ho Chi Minh City and elsewhere in Vietnam.

As the venture arm of Japan’s internet group Cyberagent Inc., Cyberagent Ventures has provided funding to nearly 20 startups in Vietnam, such as VNG Corp., Foody Corp., Tiki.vn, Nhaccuatui, and Vexere.

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