Meet Quqo! This startup just raised a $1M seed from Touchstone Partners. They're a B2B startup helping your neighborhood mom-and-pop shop (aka, "tap hoa" in Vietnamese) digitize and make even more $$$!

• They launched in Vietnam in 2020 and have onboarded 40+ distributors that support over 5,000 stores across Ho Chi Minh City.
• Their GMV has shot up 11x since the start of 2022.

😉 They've got the goods

They're an asset-light B2B distribution platform for FMCGs (fast-moving consumer goods).

• They offer 2,500 products from their partner suppliers and distributors on their B2B marketplace.

Instead of taking suppliers and distributors out of the process, Quqo connects them to MSMEs.This way, these MSMEs can easily and quickly source the products they need from one place at low prices.

• Ququo facilitates the payments and manages the logistics to get the products from the suppliers to the MSME.
• SMEs have more stocking options at different (and lower prices) than ever and receive items even faster!

🔥 Supercharging neighborhood stores

Apart from making sourcing inventory super easy, Quqo's doing much more for your neighborhood stores. They're not just helping these stores survive and digitize. They're helping them thrive!

• They allow stores to manage inventory effectively, automate store orders and find the best deals for inventory as well, so that they can be more profitable.

But guess what else? They're planning to allow these stores to expand their reach and open up new ways of earning money — like letting customers to order from these neighborhood stores online!

• Customers like you and I can look for products on the Quqo app, and the nearest store will deliver the product straight to you.
• Now, stores can earn from both in-person purchases and online orders.

🚀 What's next?

They'll be hiring, growing their customer base and expanding their distribution network across Vietnam.

• Coming to you soon? They're planning to launch in Da Nang, Hanoi and other major cities in Vietnam next year.

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