The Espresso Home proprietor raised one other 10 million USD from an funding fund backed by Jack Ma

In accordance with DealstreetAsia, eWTP Know-how & Innovation Fund – an funding fund backed by China’s Alibaba Group has simply poured one other 10 million USD into Ficus Aisa Funding – an funding firm based by Mr. is the Chairman).

Earlier on the finish of 2020, Ficus efficiently raised USD 50 million from eWTP Capital.

Ficus Asia Funding (primarily based in Singapore) isn’t so well-known, however that is the corporate behind the funding in Seedcom, an organization additionally based by Mr. Dinh Anh Huan. Corporations within the Seedcom ecosystem embody Scommerce (Quick supply, Ahamove), The Espresso Home (espresso chain), Haravan (web site service and omnichannel gross sales assist), Juno and Hnoss (trend chain). , Cau Dat Farm (farm)…

Seedcom firms have had comparatively good income development in recent times, akin to The Espresso Home among the many largest espresso chains in Vietnam. Nonetheless, the widespread characteristic of those manufacturers is that they’re nonetheless dropping cash for a few years. In accordance with Mr. Dinh Anh Huan, The Espresso Home plans to be worthwhile in 2025.

Mr. Dinh Anh Huan is often known as one of many founders of Cell World Funding JSC. The corporate is presently the biggest retail chain in Vietnam, with a market capitalization of $3.7 billion.

Hua Van