Chicilon Media receives $38 million from VinaCapital

With the goal of maintaining the leading position in the building elevator communication market in Vietnam, increasing competition barriers in the industry, as well as making the building elevator communication channel grow faster, stronger and more stable. Further, Chicilon Media just finished a $38 million investment round from VinaCapital Fund.

Chicilon Media was established in Vietnam and started implementing the building elevator communication segment at a time when there were 9 building elevator communication companies in the Vietnamese market. After 15 years of development and non-stop competition, there are only two companies left in the market today.

High-rise buildings now provide a substantial contribution to the city's overall infrastructure, and the elevator space has four standout features: approaching the key consumer group, appearing in the orbit daily activities of consumers, high frequency of broadcast and less distraction. These are the core values that make the building's communication channel capable of assisting businesses with brand promotion and product introduction in the era of information explosion, when people's lives have too many options.

Chicilon, which continuously expands communication channels on a huge scale, has successfully caught this significant life trajectory of consumers. More than 30 million important consumers in big cities have now been reached by the company's installation of more than 25,000 advertising units across the country. Product introduction and brand growth in Vietnam.

A representative of Chicilon Media said that, in terms of revenue in the building elevator communications segment, the company is holding a large market share. Below are some shares received in an interview with a representative of Chicilon Media related to the building elevator communication channel market in Vietnam.

According to research, the current capital of Chicilon Media is quite large, why is the company still calling for investors?

We can say that Chicilon Media has a sizable amount of money potential; if you count this prosperous VinaCapital fundraising round, the company's capital exceeds a few thousand billion dong. However, we also need to strengthen technological research and development, update current machinery and communication systems, deploy new technologies, and develop existing ones in addition to increasing the building elevator channel resources. additional recent routes for contact. Simultaneously, we have a strategy to buy another advertising firm in the industry from which to broaden the media channel to other provinces and cities, offering communication services with a national coverage network for clients.

The market is experiencing numerous financial issues, and clients... Is this a chance for the business to become more competitive?

Since this will have a negative impact on how the market views the building elevator as a communication channel, it is unrealistic to anticipate the demise of businesses operating in the same sector. If your business has a need, Chicilon is delighted to contribute its knowledge in data management, operation management, and technical technologies...

What future plans does Chicilon Media have, sir?

VinaCapital's investment resources will be put to use for business competition, technological research and development, modernizing communication tools, and extending the communication network to all of the nation's regions and cities. The business is currently raising money in fresh rounds with higher investment values