Loship
17 known investors
The page is a Vietnamese-language collection of articles and reviews about restaurants, food spots, and eateries in cities such as Saigon and Da Nang. It does not clearly describe a company or its products, appearing instead as food-related content.
Also known as Lozi
Founders & leadership
Investors · 17
Also in the syndicate · 14
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Company profile
researched Aug 2026Loship is a Vietnamese on-demand e-commerce and delivery platform that offers approximately one-hour delivery across a broad range of product and service categories. Its verticals include food delivery, ride-hailing, groceries, medicine, laundry, package delivery, flowers, beauty products and business-to-business supplies such as ingredients and food packaging. The company describes its addressable scope as effectively anything that can legally be carried by motorcycle.
The platform grew out of Lozi, an online review and listings application. Users began transacting through the app's chat function in a manner comparable to marketplace listings, but the company could not verify whether those transactions completed. Taking control of delivery was the mechanism chosen to close that gap, and Loship was launched in late 2017 beginning with food delivery before adding further verticals.
Founding story
Loship's origins lie in the Lozi review and listings app, where users listed products and traded with one another through chat. Because purely chat-based transactions left the company unable to confirm completion, controlling the delivery leg was identified as the means to verify transaction status, leading to the launch of Loship in late 2017 starting with food delivery.
Business model
Loship operates a marketplace connecting consumers with merchants and a fleet of delivery drivers, fulfilling orders across multiple product verticals with roughly one-hour delivery. Alongside consumer delivery it runs a B2B line supplying small food and beverage businesses and retail stores. Management stated in 2021 that the company had a clear path to profitability.
Traction
In August 2021 the company reported more than 70,000 drivers, 200,000 merchants and approximately 2 million customers across five Vietnamese cities. An investor statement accompanying the pre-Series C round said the company strengthened during the pandemic through product and service innovation for merchants and users.
Latest developments
In August 2021 Loship announced a $12 million pre-Series C round co-led by BAce Capital, an Ant Group-backed venture firm, and the direct investment unit of Sun Hung Kai & Co Limited, at a $100 million valuation. The round was split off from a larger Series C because of the number of participating investors; the Series C was expected to close by the end of 2021, with the company in advanced talks with investors. BAce Capital founder Benny Chen, formerly managing director of Ant Group India, joined Loship's board of directors as part of the transaction.
▸Full profile — market position, go-to-market, geography, history
Market position
Loship positions itself against larger regional platforms such as Grab and Gojek, citing the breadth of its verticals and its status as a homegrown Vietnamese operator with local market knowledge as points of distinction. It was valued at $100 million in August 2021.
Management attributes differentiation to the number of delivery verticals the platform covers and to being the only local player in its market, arguing that domestic ownership yields deeper understanding of Vietnamese customers than regional competitors have, together with a focus on lower-tier cities.
Go-to-market
The company's stated approach is to enter new and relatively untouched markets such as lower-tier cities, build a customer base there and expand from that position. Proceeds from the August 2021 round were earmarked for entering new cities and growing verticals including B2B delivery for small food and beverage businesses and retail stores.
Consumers ordering food, groceries, medicine, flowers, beauty products, laundry, ride-hailing and package delivery; merchants including restaurants and retailers; and small food and beverage businesses and retail stores purchasing B2B supplies such as ingredients and packaging.
Geography
As of August 2021 Loship served customers in Hanoi, Ho Chi Minh City, Da Nang, Can Tho and Bien Hoa, with a stated plan to add five more major Vietnamese cities by the end of 2021 to reach ten cities in total. Longer-term plans included expansion into Tier 2 and Tier 3 cities in Vietnam and then regional expansion in Southeast Asia, with Laos and Cambodia identified by the CEO as priority markets.
History
The business began as Lozi, an online review platform whose users started buying and selling items through in-app chat. Loship was founded in 2017 and launched in late 2017 with food delivery, subsequently expanding into additional verticals. A bridge round from MetaPlanet Holdings was announced in February 2021, followed in August 2021 by a $12 million pre-Series C round that brought total funding to $20 million and valued the company at $100 million. At that time the company said a Series C was in progress and expected to close by the end of 2021.
Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 4
launches, deals, and filingsLoship announced a $12 million pre-Series C round co-led by BAce Capital and the direct investment unit of Sun Hung Kai & Co Limited, bringing total funding to $20 million and valuing the company at $100 million. Funds were designated for city expansion and growth of verticals including B2B delivery.
$12M source ↗
As part of the pre-Series C round, BAce Capital founder Benny Chen, former managing director of Ant Group India, joined Loship's board of directors.
Loship announced a bridge round from MetaPlanet Holdings, which later returned for the pre-Series C round.
The company launched Loship in late 2017, beginning with food delivery before expanding into additional verticals including ride-hailing, groceries, medicine, laundry, packages, flowers, beauty products and B2B supplies.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 7
primary sources listed
- Loshiploship.vn · web
7 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Loship do?
- Vietnamese on-demand e-commerce platform offering one-hour delivery of food, groceries, medicine and B2B supplies.
- Who founded Loship?
- Loship was founded by Trung Nguyen, Minh Son Tran.
- Who are Loship's investors?
- Loship's investors include Colopl Next, Golden Gate Ventures, Xploration Capital.