for the quarter ended 30 June 2022
for the quarter ended 30 June 2022
Some of the data here are the latest available to Mekong Capital at the date of this newsletter to be circulated. It might subject to be changed/updated lately.
In May 2022, Mekong Enterprise Fund IV invested US$25 million in its seventh deal – Entobel, part of the US$30 million funding round.
Entobel is a biotech company producing insect-based ingredients from Black Soldier Flies for various industries including the animal feed, pet food, and fertilizer industry.
In 2Q22, Mutosi expanded its product coverage to 661 new points of sales, achieved 69% YoY growth of revenue.
Number of pharmacy chain points of sale distributing LiveSpo’s products grew 229% YoY due to the company’s focus to gain visibility in all three of the largest pharmacy chains (in terms of number of stores), namely Pharmacity, Long Chau and An Khang.
In this quarter, Pharmacity steadily increased its retail presence with 164 new stores, raising the chain’s total operating stores to 1,148 stores across the country.
F88 celebrated its 700 branches milestone in 2Q22 with the opening of 111 new branches. In addition to accelerating in coverage, F88 upholds its commitment of providing financial inclusion to low-income people in Vietnam in a sustainable way, thus receiving the Gold level of Client Protection Certification (CPC) Framework.
Vua Nem’s revenue increased 125% compared to the same period last year. The growth was mainly driven by continuously expanding its footprint with great store locations and reaching total of 130 stores nationwide.
Marou’s revenue in 2Q22 achieved 29% YoY growth, mostly thanks to sales performance of Maison Marou and continual enhancement of customer engagement through the launch of new e-commerce website in May 2022.
Revenue of Nhat Tin Logistics in 2Q22 increased 28% YoY, in which revenue from top 10 biggest customers grew 20% and number of bills overall increased by 28% compared to the same period last year.
In 2Q22, total net sales increased by 27% compared to last quarter driven by the sales performance of new BiaCraft locations opened in the previous quarter.
Rever’s number of agents increased 145% YoY thanks to the training program for new, inexperienced agents. Based on the newly designed customer journey, the training program has made appropriate changes to instilling customer centric mindset with the goal of providing the best customer experience.
Gene Solutions’ number of tests increased by 40% YoY for 2Q22, mainly attributable to the increased number of points of sale (partnering medical centers and doctors) by 41% YoY as of 30 June 2022.
In 2Q22, 4P’s opened a new restaurant in SC VivoCity (District 7, Ho Chi Minh city), increasing the total number of Pizza 4P’s restaurant to 26 across the country.
In this quarter, HSV Group enlarged its network of Beauty Box stores with the opening of 2 new locations in Ho Chi Minh city on Le Van Viet street (District 9), at Van Hanh Mall (District 10); and 2 locations in Hanoi at Vincom Mega mall in Times City and Smart City.
YOLA witnessed a growth in new enrollments by 28% in 2Q22 compared to the previous quarter. This was the result of the new market reactivate branding campaign – “Opening Doors to Possibilities”, with mass activities including writing contest, scholarship awards for students from the age of 5 to 18.
When MEF III divested in 2022, Pizza 4P’s grew from a chain of 8 restaurants in 2018 to a network of 27 restaurants in Vietnam and Cambodia, representing growth of more than three times. During this rapid growth, Pizza 4P’s has successfully maintained its uniquely high-quality standards and commitment to delivering ‘Wow’ dining experiences to its customers. As a validation of its stronghold in customer experience, Pizza 4P’s has been nominated as the Best Pizza in Vietnam and Cambodia as part of the Asia’s Best Awards 2022 by the well-known international magazine Travel + Leisure Asia.
