The Hanoitimes - Sendo, along with homegrown marketplace Tiki, is competing with regional players like Lazada and Shopee for shares in Vietnam’s e-commerce market. Vietnamese e-commerce retailer Sendo has secured US$61 million in a series C round – its largest raise to date, Tech in Asia reported. According to a statement, the round saw participation from existing backers such as SBI Group, Beenos, SoftBank Ventures Asia, Daiwa PI Partners, and Digital Garage, along with new investors including EV Growth and Thailand’s Kasikornbank. The company plans to use the fresh funds to expand its integrated platform offering for both sellers and consumers and invest in AI and machine learning to enhance customer experience, said Sendo CEO and co-founder Tran Hai Linh. Prior to the series C round, Sendo received US$51 million in a series B funding round led by Japanese financial services giant SBI Group in August 2018. Linh said that while the company has hit its annualized gross … [Read more...] about Vietnam’s e-commerce retailer Sendo bags US$61 million in series C funding