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Report

September 29, 2020

Vietnam Tech Investment Report 2019 - H1 2020

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Do Ventures

01 Mar, 2021

📣📣📣Do Ventures is pleased to announce our investment in Manabie – an online education platform that brings Japan’s high-quality education to Vietnam🎊

Manabie has a unique operating model that merges online and offline learning to maximize the efficiency of online-based education. In addition to a mobile app that allows high-school students across Vietnam to study online, Manabie also has five learning centers in Ho Chi Minh City, where students can receive the dedicated guidance from individual counselors.

With more than 350,000 app downloads after just one year of launching, Manabie has demonstrated impressive growth in an endeavor to re-innovate the experience of online learning for Vietnamese students.

This investment round includes the participation of Do Ventures, Genesia Ventures, Chiba Dojo, and other investors with a total capital of $3M.

“Having studied and worked in Japan myself, I have always been impressed by the way the Japanese educational culture creates highly disciplined and independent individuals. Manabie has outstanding execution capabilities and is capable of bringing the quality of Japanese education, which has long been appreciated by the world, back to Vietnam.” – Dzung Nguyen, General Partner of Do Ventures, expressed his opinions about the investment in Manabie.

https://www.techinasia.com/exlazada-execs-edtech-startup-bags-3m-funding-ventures

https://e27.co/keisuke-honda-backed-edutech-startup-manabie-secures-us3m-to-bring-japanese-education-to-vietnam-20210301/

https://dantri.com.vn/suc-manh-so/nen-tang-giao-duc-truc-tuyen-manabie-day-manh-phat-trien-tai-viet-nam-20210228175729667.htm

https://cafef.vn/do-ventures-co-khoan-dau-tu-thu-3-vao-edtech-manabie-trong-vong-goi-von-3-trieu-usd-20210301030430697.chn

https://cafebiz.vn/co-hon-350000-luot-tai-app-mot-startup-edtech-tai-viet-nam-goi-von-thanh-cong-3-trieu-usd-do-ventures-cua-shark-dzung-cung-rot-von-20210301092210251.chn

https://vietcetera.com/vn/do-ventures-genesia-ventures-chiba-dojo-va-cac-nha-dau-tu-khac-rot-von-3-trieu-do-vao-nen-tang-giao-duc-truc-tuyen-manabie

https://doanhnhan.vn/do-ventures-rot-tien-vao-startup-giao-duc-manabie-trong-vong-goi-von-3-trieu-usd-38264.html

https://theleader.vn/do-ventures-rot-von-vao-startup-giao-duc-manabie-1614571470779.htm

https://www.thesaigontimes.vn/314143/startup-cong-nghe-giao-duc-goi-von-3-trieu-do-la.html

https://ndh.vn/lam-giau/do-ventures-co-khoan-dau-tu-thu-3-vao-edtech-manabie-trong-vong-goi-von-3-trieu-usd-1286425.html

https://ictvietnam.vn/mang-giao-duc-truc-tuyen-nhat-ban-toi-viet-nam-nhan-dau-tu-3-trieu-usd-20210301085827081.htm

https://kinhdoanhhoinhap.vn/do-ventures-co-khoan-dau-tu-thu-3-vao-edtech-manabie-trong-vong-goi-von-3-trieu-usd-46543.html

https://vietnambiz.vn/startup-edtech-nhan-48-trieu-usd-sau-mot-nam-hoat-dong-tai-viet-nam-20210301111413083.htm

#DoVentures #venturecapital #startup #Manabie #edtech
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Do Ventures

12 Dec, 2020

Palexy 𝐫𝐚𝐢𝐬𝐞𝐬 $𝟏𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐞𝐞𝐝 𝐫𝐨𝐮𝐧𝐝 𝐨𝐟 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 𝐥𝐞𝐝 𝐛𝐲 Do Ventures 𝐚𝐧𝐝 Access Ventures 🎉🎉🎉

𝑃𝑎𝑙𝑒𝑥𝑦, 𝑎𝑛 𝐴𝐼 𝑎𝑛𝑎𝑙𝑦𝑡𝑖𝑐𝑠 𝑐𝑜𝑚𝑝𝑎𝑛𝑦 𝑡ℎ𝑎𝑡 𝑜𝑓𝑓𝑒𝑟𝑠 𝑠𝑜𝑙𝑢𝑡𝑖𝑜𝑛𝑠 𝑡𝑜 𝑟𝑒𝑡𝑎𝑖𝑙𝑒𝑟𝑠, ℎ𝑎𝑠 𝑠𝑢𝑐𝑐𝑒𝑠𝑠𝑓𝑢𝑙𝑙𝑦 𝑓𝑖𝑛𝑎𝑙𝑖𝑧𝑒𝑑 𝑎 $1𝑚𝑖𝑙𝑙𝑖𝑜𝑛 𝑠𝑒𝑒𝑑 𝑟𝑜𝑢𝑛𝑑 𝑙𝑒𝑑 𝑏𝑦 𝐷𝑜 𝑉𝑒𝑛𝑡𝑢𝑟𝑒𝑠 𝑎𝑛𝑑 Access Ventures.

Founded in 2019, Palexy is a technology company that provides end-to-end business solutions to clients. Palexy's flagship Computer Vision and AI algorithms allow physical retailers to get accurate measurements of customers' behaviors and sales staff's performance. The strength of Palexy’s tools lies in the complete and total digitization of all available data sources, mainly from surveillance camera feeds, but also POS data, promotion calendar, even weather reports. The data are then collected, analyzed, and converted into analytics dashboards which help business owners make informed decisions.

The retail segment of Vietnam has great potential, since the country has a predominantly young population, rising middle class, and thriving GDP. However, many individual retailers appear to have stabilized in terms of productivity despite having employed all traditional methods at their disposal. Other retailers face challenges in areas such as expansion, marketing, or dealing with dwindling traffic. Palexy introduces a brand new data-driven mindset to conduct business and powerful tools to help retailers achieve their goals.

"We believe that Palexy will usher in a new era of consistent and continual growth in business empowered by data," says Mr. Dzung Nguyen, General Partner of Do Ventures."There are still many untapped opportunities in the retail market."

Mr. Thong Do, the CEO of Palexy, said that the funding would go towards fine-tuning its products, building its team, and expanding business both locally and regionally.

With over 1600 tech startups, Vietnam is one of the fastest startup scenes in Southeast Asia, and there are plenty of companies that seek to capitalize on the nation's growing retail market. However, Palexy's high-tech solutions require no additional hardware or personnel on the part of the clients, work 24/7, and act like a virtual shopping assistant, security guard, and business consultant all in one. With the funding from Do Ventures, Palexy would also invest in the R&D of new products to benefit current and future clients.

What separates Palexy from other technology companies is a well-rounded team with robust retail experience. All members of Palexy's consultant team have held high-level positions in retail companies and as such, are equipped to provide fully practical counsel to clients. Furthermore, Palexy is a consummate B-to-B player, dedicated to helping retailers by closely monitoring their progress and providing them with the necessary aid at every step.

For now, Palexy is on track to become the number one digital company for retailers in Vietnam. At some point in the future, Palexy projects to bridge the gap between physical retailers and e-commerce, enabling true omnichannel for clients.

Read more here 👉 https://e27.co/exclusive-palexy-picks-us1m-funding-to-bring-e-commerce-like-data-analytics-into-offline-stores-20201210/?utm_content=buffer2b661&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer&fbclid=IwAR03Fo67hEI-75BKJnErWD7AecUtgXtPSmJMA4IJOPutjzEes-__JSGx1Bk

#DoVentures #Palexy #DataDriven #TechStartup #VietnamStartup
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Do Ventures

11 Nov, 2020

Investment Officer at Do Ventures

1 - Job Summary

The Investment Officer works closely with other members of the team to source deals, carry out thorough research and analysis, provide investment reports and reviews, including quantitative and qualitative studies for our Investment Committee, and support companies in the portfolio. This position requires a unique combination of good business sense and proven qualitative and quantitative abilities.

2 - Suitable Profile

The ideal candidate shall be competent in prioritizing and working with little supervision. He/she shall be self-motivated, trustworthy, and open-minded.

3 - Duties and Responsibilities

There is an expectation that you will be actively involved in all aspects of investment. The duties are multi-faced and require the ability to communicate effectively, both internally and externally. The Investment Officer must successfully manage time, identify tasks, determine priorities, and complete deliverables to company standards and deadlines.

- Conduct industry research and investment theses in specific sectors to evaluate market attractiveness and competitive landscape.
- Lead the initial screening of new investment opportunities and perform due diligence on various aspects of the company.
- Prepare investment presentations and memos for both internal and external audiences.
- Oversee legal aspects of the investments into portfolio companies, including preparing legal documents, reviewing legal risks associated with the transaction.
- Support ongoing portfolio company in various key areas, including product development, operations optimization, organizational design, sales and marketing enhancement, talent recruitment, and overseas expansion strategy, to make sure portfolio companies could meet their predetermined milestones.
- Lead the fundraising activities for portfolio companies, including conducting research, building and reviewing financial models, perform administration duties, and support deal structuring.

4 - Qualifications

- Demonstrated knowledge of investment principles, investment strategies, policies, and regulations applicable to the investment industry
- Well-versed in quantitative analytical techniques – ability to build quantitative models, analyze financial statements & build valuation models.
- Proven project management and organizational skills – ability to handle multiple priorities, and work effectively under pressure. Exceptional attention to details.
- Proven ability to collaborate with senior leadership as a credible, results-driven, and valued business partner.
- Excellent written and verbal communication skills in English and Vietnamese.
- Must demonstrate a sense of honesty, integrity, with the ability to inspire and motivate others to promote the philosophy, vision, and values of the fund.
- Able to meet deadlines that may require working in the evenings and weekends when necessary.

5. Education and Work Experience Requirements

- Minimum of three (3) years of industry experience in one of the following fields: investment banking, private equity, management consulting, internal corporate consulting, asset management, or operations related positions in well-known startups.
- Bachelor’s degree in Finance, Economics, or in STEM-related fields from a top-tier institution.
- Master’s degree in Finance, Economics or Business Administration is highly preferred.
- Extensive experience in strategy, finance, product management, human development, or operations at top venture-backed regional scale startups is an advantage.

6. Benefits

- Get a competitive compensation package.
- Get an attractive quarterly bonus based on performance evaluation.
- Get a healthy nutritional care package, including free snacks, lunch, and dinner.
- Get an annual self-development budget to take courses of your choice.
- Have a solid medical coverage plan
- Join an overseas team-building trip combined with a startup event annually.
- Gain endless opportunities to work alongside outstanding CEOs and exceptional founders on daily basis.
- Be at the forefront to discover innovative business models that create positive impacts on society.
- Learn from hands-on experiences of self-made millionaires and billionaires worldwide.
- Be surrounded by smart, driven colleagues and work in a dynamic and professional environment.
- Be empowered and have full autonomy at work.
- Manage your own time and work under a flexible schedule
- Have the opportunity to push yourself beyond your own limit and build a lasting legacy.

7. Contact

Interested candidates should submit their information via the company email contact@doventures.vc. Submit a cover letter detailing how your work and/or academic experience meet the job requirements. Only those candidates whose qualifications meet the job requirements will be contacted.
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Do Ventures

11 Nov, 2020

𝐃𝐨 𝐕𝐞𝐧𝐭𝐮𝐫𝐞𝐬 𝐎𝐧𝐛𝐨𝐚𝐫𝐝𝐢𝐧𝐠 𝐀𝐈 𝐆𝐮𝐫𝐮 𝐚𝐬 𝐕𝐞𝐧𝐭𝐮𝐫𝐞 𝐏𝐚𝐫𝐭𝐧𝐞𝐫

Do Ventures is pleased to announce that Dr. Thuc Vu has joined the team after months of talks.

Dr. Thuc, co-founder and CEO of OhmniLabs and Kambria, has officially joined Do Ventures as a Venture Partner. As a valuable addition to the early-stage venture capital, he will increase Do Ventures global presence and support the development of its portfolio companies in the area of technology. His proven track record in not only academic work but also business endeavors reinforces Do Ventures' comprehensive investment strategy.

Dr. Thuc is a serial entrepreneur who co-founded four startups, among them are Katango and Tappy, both of which were later acquired by Google and Weeby.co respectively. Dr. Thuc has deep expertise in game theory, machine learning, tournament design, and multi-agent systems. He earned his BS degree from Carnegie Mellon University and his PhD from Stanford University, both in computer science with a focus on AI. In 2017, Dr. Thuc was named as one of the “40 Under 40” of Silicon Valley by the Silicon Valley Business Journal for his tireless efforts to bring about a significantly positive impact in the business world.

In recent years, a number of Vietnamese founders starting businesses abroad have been able to leave their marks on global markets. With his new role at Do Ventures, Dr. Thuc will bridge the fund to overseas Vietnamese founders and bring about more collaboration opportunities with this very talented community. Having a solid international background, he will be a resourceful mentor to help Do Ventures; portfolio companies strengthen their tech capabilities, widen their networks, and fully realize their potential.

“Mr. Dung and Ms. Vy have made instrumental impacts on the startup ecosystem in Vietnam. I am very excited to join them in their new endeavor to help connect them with founders who will benefit tremendously from their support,” said Dr. Thuc.

Apart from being an avid entrepreneur, Dr. Thuc also invests in Vietnamese tech startups and actively contributes to the growth of the local ecosystem. He co-founded VietSeeds, a non-profit organization that aims to transform the life of the underprivileged university students in Vietnam via financial help, personal mentoring, and various life skill training activities. He also co-founded VietAI, an NGO whose mission is to build a world-class AI talent community in Vietnam via education and networking.

“We focus on excellent entrepreneurs whose innovation can change our lives for the better and Dr. Thuc has been a great inspiration for many young Vietnamese founders. His know-how in some of the most vital technological spaces can provide extraordinary value to our portfolio companies to help them scale,” said Vy Le, co-founder and General Partner of Do Ventures. “His extensive experience as an angel investor and well-connected network will also effectively introduce us to the potential Vietnamese startups operating in Silicon Valley and other dynamic parts of the world.”

https://dantri.com.vn/suc-manh-so/tien-si-vu-duy-thuc-tro-thanh-giam-doc-dau-tu-tai-do-ventures-20201111064228634.htm

https://cafebiz.vn/shark-dzung-vua-chieu-mo-duoc-tan-gd-dau-tu-cho-do-ventures-tien-si-standford-la-nguoi-viet-nam-top-40-nguoi-duoi-40-tuoi-co-anh-huong-nhat-tai-silicon-valley-20201111073540912.chn

https://cafef.vn/shark-dzung-vua-chieu-mo-duoc-tan-gd-dau-tu-cho-do-ventures-tien-si-standford-la-nguoi-viet-nam-top-40-nguoi-duoi-40-tuoi-co-anh-huong-nhat-tai-silicon-valley-2020111108390949.chn

https://diendandatdai.com/tin-tuc/do-ventures-vua-chieu-mo-duoc-tan-gd-dau-tu-tien-si-standford-la-nguoi-viet-nam-top-40-duoi-40-tuoi-co-anh-huong-nhat-tai-silicon-valley.html

#doventures #startupviet #venturecapital #tech #startups
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Do Ventures

04 Nov, 2020

Vietnam Spotlight is happening now!!!
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Do Ventures

12 Oct, 2020



1- Job Summary

The Investment Officer works closely with other members of the team to source deals, carry out thorough research and analysis, provide investment reports and reviews, including quantitative and qualitative studies for our Investment Committee, and support companies in the portfolio. This position requires a unique combination of good business sense and proven qualitative and quantitative abilities.

2- Suitable Profile

The ideal candidate shall be competent in prioritizing and working with little supervision. He/she shall be self-motivated, trustworthy, and open-minded.

3- Duties and Responsibilities

There is an expectation that you will be actively involved in all aspects of investment. The duties are multi-faced and require the ability to communicate effectively, both internally and externally. The Investment Officer must successfully manage time, identify tasks, determine priorities, and complete deliverables to company standards and deadlines.

- Conduct industry research and investment theses in specific sectors to evaluate market attractiveness and competitive landscape.
- Lead the initial screening of new investment opportunities and perform due diligence on various aspects of the company.
- Prepare investment presentations and memos for both internal and external audiences.
- Oversee legal aspects of the investments into portfolio companies, including preparing legal documents, reviewing legal risks associated with the transaction.
- Support ongoing portfolio company in various key areas, including product development, operations optimization, organizational design, sales and marketing enhancement, talent recruitment, and overseas expansion strategy, to make sure portfolio companies could meet their predetermined milestones.
- Lead the fundraising activities for portfolio companies, including conducting research, building and reviewing financial models, perform administration duties, and support deal structuring.

4- Qualifications

- Demonstrated knowledge of investment principles, investment strategies, policies, and regulations applicable to the investment industry
- Well-versed in quantitative analytical techniques – ability to build quantitative models, analyze financial statements & build valuation models.
- Proven project management and organizational skills – ability to handle multiple priorities, and work effectively under pressure. Exceptional attention to details.
- Proven ability to collaborate with senior leadership as a credible, results-driven, and valued business partner.
- Excellent written and verbal communication skills in English and Vietnamese.
- Must demonstrate a sense of honesty, integrity, with the ability to inspire and motivate others to promote the philosophy, vision, and values of the fund.
- Able to meet deadlines that may require working in the evenings and weekends when necessary.

5- Education and Work Experience Requirements

- Minimum of three (3) years of industry experience in one of the following fields: investment banking, private equity, management consulting, internal corporate consulting, asset management, or operations related positions in well-known startups.
- Bachelor’s degree in Finance, Economics, or in STEM-related fields from a top-tier institution.
- Master’s degree in Finance, Economics, or Business Administration is highly preferred.
- Extensive experience in strategy, finance, product management, human development, or operations at top venture-backed regional scale startups is an advantage.

6- Contact

Interested candidates should submit their information via the company email contact@doventures.vc. Submit a cover letter detailing how your work and/or academic experience meet the job requirements. Only those candidates whose qualifications meet the job requirements will be contacted.

7- About Do Ventures

Do Ventures is an early-stage Venture Capital fund that focuses on making investments in tech startups in Vietnam and Southeast Asia. The fund is led by dedicated investment professionals and entrepreneurs, who have successfully developed multi-million dollar companies and possess unique insights into Vietnam market. We look for PIONEERS with a desire to create disruptive products that can bring about outstanding values to consumers.

At Do Ventures, we believe in empowering our associates to be leaders of their own scope. As a member of our team, you will have the chance to work with the most talented and driven entrepreneurs in Vietnam and Southeast Asia. Most importantly, you can contribute to the development of legendary firms that could make profound impacts on society.

See more about us at www.doventures.vc
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Do Ventures

06 Oct, 2020

We are happy to share with you Vietnam Tech Investment Report (2019 - H1 2020). COVID-19 has partly favoured the key foundations of the local Internet economy and catalyzed digital transformation with new dynamics being detected in 2019 and the first half of 2020.

Also, we would like to give special thanks to our data partner Cento VC for their valuable contribution and support.

Please read our full report here:
👉
https://doventures.vc/report/vietnam-tech-investment-report-2019-h1-2020

KEY HIGHLIGHTS:

1️⃣ Investment in Vietnam reached record high in 2019 but dropped in H1/2020 due to COVID-19

- In 2019, Vietnamese tech startups enjoyed the most favorable year ever with $861 million (92% y-o-y growth) invested in 123 venture deals, more than double the number of 2018.

- However, as Covid-19 broke out at the beginning of 2020, investment proceeds in the first half of 2020 decreased by 22%, from $284 million in the same period last year to $222 million.

2️⃣ The rise in the number of investors entering Vietnam

- The number of foreign investors entering Vietnam spiked to a record number of 109 in 2019, in which Korean VCs continued to show great interest and accounted for the most, followed by Singaporean and Japanese ones.

- In H1/2020, the number of active investors was nearly the same as last year, but only a very limited number of new investors entered the Vietnam market as most early-stage deals in 2020 have been conducted by local investors or foreign investors with personnel based in Vietnam.

3️⃣ The emergence of several new industries in 2020

- In H1/2020, while retail continued to dominate the funding
amount, this period also witnessed the growth of capital invested in emerging industries such as employment (HRTech) and real estate (PropTech).

4️⃣ Internet access and consumer trust being strengthened

- Vietnam is currently at its sweet spot for Internet consumption with a young tech-savvy population in the fast-growing middle-class. During the outbreak of Covid19, Internet and mobile accessibility has been significantly improved thanks to the efforts from local telco companies, which is considered one of the main contributing factors to the robust growth of the Internet economy.

- Periods of social distancing also caused major changes in consumer behavior and brought them online more than ever. As online shopping and online payment become essential to our daily lives, consumer trust will likely improve across sectors such as e-commerce, education, and healthcare

LOOKING FORWARD

Looking ahead to the rest of 2020 and 2021, we expect investment sentiment in Vietnam to remain high. According to their survey on 50 active funds among 6 major markets in SEA, Vietnam is the preferred top destination for investment in the next 12 months, followed by Indonesia. Positive sentiments are recorded around education, healthcare and financial services as a long-term trend in the next 12 months.
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Do Ventures

02 Oct, 2020

Do Ventures announced the first investment of $900,000 in F99, a fruit distribution platform in Vietnam.

F99 is a platform that enables farmers to bypass traditional intermediaries to sell fruits directly to consumers. The platform is known as the most well-known distributor of best-selling fruits such as Musang King durian and Sabudo green caviar. F99’s competitive advantage is its ability to directly connect with farmers and effectively restructure the supply chain from suppliers to users to bring products to consumers in the shortest period at reasonable prices. Currently, customers can order products of the company via such channels as mobile application, website, Facebook and receive the products at home.

The increase of Vietnamese consumers’ disposable income leads to a higher demand for fruits. According to a survey by Kantar WorldPanel Vietnam in 2018, spending on fruits accounted for 19% of a household's total fresh food expenditure in the country, higher than that on other fresh food such as pork, chicken, or fish. Currently, consumers can buy fruits at open markets, supermarkets, and convenience stores. However, this causes a number of geographical obstacles and inconveniences, especially during the period of social distancing under the influence of the Covid-19. Therefore, F99 was established with the goal of providing safe and fresh fruits to customers in the shortest time at the most reasonable price.

F99 distributes imported and domestic fruits from local farms in Vietnam to cater to a wide range of consumers. Some of the best-selling imported fruits include Malaysia’s Musang King durian, New Zealand’s kiwi, and Taiwan’s melon. F99 purchases domestic fruits directly from major growing areas across the country, with a commitment to distribute and provide stable income for farmers. Recently, F99 has launched a number of campaigns to support farmers to bring a large quantity of produce to the market via additional distribution channels. In particular, F99 has cooperated with Khanh Hoa Province to expand a 30-hectare farm of green caviar and
support more than 100 households to find jobs and earn stable income. Besides, the company’s two most recent campaigns also help farmers to sell more than 100 tons of Hung Yen longan and 300,000 coconuts at Ben Tre Province in the first month of execution.

Sharing the reason for investing in F99, Mr. Dzung Nguyen, General Partner of Do Ventures said: “F99’s impressive performance in an extremely tough food retail market convinced us to invest and support the founding team. Although it has only been a year in operations, F99 has been profitable, and its revenue is growing very fast at a rate of nearly 3,600% in the most recent month, compared to the same period last year. What is even more remarkable is that when Covid-19 took place, the founding team still demonstrated its focus and the ability to adapt to the situation extremely well and continued to research and invest in the product and technology to operate more effectively.

Do Ventures believes that in the food retail market, which is highly potential yet challenging to adopt innovative technology, F99 will be a pioneer startup in revolutionizing fruit distribution and fresh produce in Vietnam, that can bring about significant values to the society.”

Sharing about his vision, Mr. Hoang Quang Thinh, the founder of F99 said that the startup plans to expand the purchasing areas and support farmers in various aspects beyond a mere distribution channel in order to help them with selling and increasing income. In terms of users, F99 will expand its distribution channels to major cities in Vietnam beyond Hanoi and Ho Chi Minh City to provide users with fresh and juicy fruit products at reasonable prices within 2 hours.

Mr. Le Thanh Cong, Co-founder of F99, revealed that the investment amount will be invested in developing the technology platform, building the cold supply chain and the distribution system to enhance customer experience.

#F99 #DoVentures #StartupViet #VC
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