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Online mattress industry disrupter, Kingaru Sleep grandly announced its newest collaboration for the Vietnamese market. The collaboration is an opportunity to bring Kingaru’s cool, wired Vietnamese clientele to try out the internet mattress brand.
Kingaru is a sleep company operating in Asia that launched in 2017 with one perfect mattress sold directly to consumers — eliminating commission-driven, inflated prices.
This joint ventures allows them to explore new markets and offer Vietnamese people the best sleep possible and this in a few weeks from now. The company didn’t disclose how much funding was involved in this deal, but it’s backed by an Investment Company from London named Modetta.
Kingaru partnered up with local factories and the mattress and bedding is locally produced to offer the most competative price on the market. We’re delighted and excited to add this market on our roadmap added Sven.
Kingaru believes that Vietnam offers one of the best opportunities for e-commerce in South East Asia. However, without a local strong parter it’s hard to knock it off, Sven says. Thanks to our strong ties with our local partner, we’re able to startup the production hopefully in 4-6 weeks from now, he added.
As previous announcements, we will report with deeper insights once we have more details.