HANOI --- Vietnamese ride-hailing service, FastGo has announced it will launch its service in Indonesia and Myanmar -- its two first international markets -- by the end of this year. FastGo CEO Nguyen Huu Tuat told Viet Nam News that it expected to occupy a 30 percent market share in Indonesia and take second place after Grab in Myanmar, despite the fierce competition in these markets. Tuat said FastGo is seeking to raise US$50 million in its Series B round of funding. The fundraising is expected to finish in the first quarter of 2019 and aims to accelerate regional expansion. "We chose Myanmar and Indonesia as we have relevant strateg...
Keep on reading: Ride-hailing app FastGo to launch in Indonesia, Myanmar; PH next
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