December 2015, Lozi received investment from two funds Golden Gate Ventures and DesignOne Japan. Lozi is a startup that focuses to create a sharing food site, provide information, suggest dishes to the user that do not know what to have for meals. Lozi established since January 2012 by Nguyen Hoang Trung, a former student of Science and Technology Institute Korea (KAIST).
Trung was born in Quang Ngai and studied Mathematics in a specialized school inside Sciences University (Hanoi National University), Trung received the scholarships KAIST in 2010 and went to South Korea to study Computer Science. One year later, Trung dropped out of the course, because he found out that it’s not his suitable environment. Trung did not want to emphasize learning and wanted to explore the world outside and learn from life instead of focusing to the academic education path.
Currently, Lozi has more than 2,000 registered stores in the system, 2.7 million regular users and revenues of 300 thousand US dollar in 2015 from the 200 US dollar that each store had to pay per month to advertise on Lozi. In the next three years, Trung wants Lozi to become a service platform to serve much more things for users, and also joining in the market place of booking table and food delivery.