Basic Information
Founded in November 2018, Telio connects small retailers in Vietnam with brands and wholesalers on a centralized platform that delivers more choices, better pricing, and more efficient logistics. The startup provides a smartphone app, where a retailer can find, select and order products from a wide range of brands and distributors. Telio is also building a network of warehouses to ensure next-day delivery, which vastly improves a small shop owner’s ability to manage both stock and cash flow. The company now serves over 3,000 retailers in Hanoi and Ho Chi Minh City. In December 2019, the platform raised USD 25 million in its series A funding round led by Tiger Global.
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