Be Group raised $30 million, fueling its push to take on Grab in Vietnam's ride-hailing market

• Be Group expanding its ride, delivery and fintech offerings.

• Upstart targets $200 million in gross revenue in two years.

Vietnam’s Be Group raised 739.5 billion dong ($30 million) in fresh funding, accelerating its push to take on larger rival Grab Holdings Ltd. in markets from ride-hailing to deliveries.

Local firm VPBank Securities is providing the funding and will own shares in BE Group’s parent upon closing of the round, according to a statement from the technology company Wednesday.

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