Start-up is an English term used to describe newly established businesses that are beginning their business activities. Start-up companies are often characterized by innovative ideas, innovation, and the application of modern technology. In recent years, start-up companies in Vietnam have been emerging rapidly, especially in the technology sector; however, due to the relatively early stage of development, the failure rate is estimated to be over 80%. So, which prominent technology start-ups have successfully overcome the majority of failures and made impressive strides? Let's take a look at the most outstanding technology projects currently...

Momo

Momo officially appeared in 2018, marking itself as one of the most prominent financial start-ups in recent years in Vietnam. To date, Momo has partnered with over 10,000 businesses in various fields such as consumer finance, food services, money transfer, payment, e-commerce, shopping, entertainment, transportation, etc., reaching an impressive user base of nearly 10 million people. The company has been listed in the Top 100 Fintech companies globally by KPMG, one of the world's largest auditing firms, considered a member of the Big 4.

Tiki

Tiki is one of the leading e-commerce websites in Vietnam. Established since March 2010, starting as an online English book-selling platform, Tiki has now become a multi-industry e-commerce platform, offering hundreds of thousands of products in 10 categories such as Books, Phones-tablets, Digital devices-accessories, Home-living, Beauty-health, Office supplies, etc.

Luxstay

Founded in 2016, Luxstay operates as a platform for short-term room rentals, including apartments, villas, and high-end homestays in Vietnam. Luxstay has successfully raised funds from many reputable entities and gained media attention when participating in Shark Tank Vietnam, followed by additional investment from MTP company, with singer Son Tung MTP as the chairman.

Coc Coc

Established in 2007 but only commercialized its products in 2013, Coc Coc raised up to $34 million with the participation of German media conglomerate Hubert Burda in 2015. Coc Coc mainly operates in the fields of map search tools, internet browsers, and online advertising.

Foody

Founded in 2012, Foody is a popular food information and review platform loved and trusted by many young people. Foody provides comprehensive and detailed information about food and dining locations, with simple user interactions. Foody has successfully raised funds four times, notably receiving investment from the US-based Tiger Global Investment fund in 2015. Foody not only gained popularity domestically but also expanded internationally, becoming a globally recognized brand.