Mio, the Vietnamese social commerce platform, has raised an $8 million Series A, less than a year after announcing its seed round. The funding was led by Jungle Ventures, with participation from Patamar Capital and Oliver Jung. Existing investors investors GGV, Venturra, Hustle Fund, iSEED SEA and Gokul Rajaram also returned for the round.
TechCrunch first covered Mio at the time of its $1 million seed funding in May 2021. Founded in 2020, Mio is a group buying platform that focuses on selling fresh produce and groceries in Tier 2 and 3 cities in Vietnam. The company is able to offer next day delivery because it built a logistics infrastructure that enables it to send produce directly from farms to customers.
The Series A brings Mio’s total raised to $9.1 million, and will be used to expand its logistics and fulfillm …
