The startup, which retained thousands of MSMEs in 24 provinces across Vietnam, has grown its net merchandise value by 320x since launching in October 2020. The Ho Chi Minh City-based startup announced today it has secured a $5 million pre-Series A to spur its growth. The company also plans to add features such as financing, logistics and self-service e-commerce store creation for the MSMEs. Kilo was founded in 2020 by Narayan, former CMO of Groupon, vice president of Coupang and chief business officer of TIKI Corporation. Kilo targets an approximately $180 billion retail market in Vietnam, according to Narayan. Kilo will use the new capital to grow its team by 4x in the next 12 months and enhance its platform for customers. “Our mission has taken on new meaning during COVID as Kilo has enabled offline MSMEs to thrive by converting the procurement process from face-to-face interactions to a contact-free, online process.