VIISA Holds Virtual Investment Day For Vietnamese Startups

HO CHI MINH CITY, Vietnam, Jan. 18, 2021 /PRNewswire/ — On 7 January 2021, VIISA organized Investment Day Batch 8 on its online platform, attracting more than 80 investors as well as corporations and startup community builders.

This invite-only event also marked a new milestone for tech-startups Batch 8 in their four-month journey with VIISA.

Taking place online for the first time, Investment Day Batch 8 solves the problem of geographical distance as well as difficulties in the global context of the COVID-19 pandemic, providing opportunities for startups and investors to share and exchange the latest updates about startup ideas.

The event was divided into 2 sessions: live-streamed pitching shows from startups and networking activities between founders and investors with separate rooms for each startup team.

Opening the event, Mr. Vo Tran Dinh Hieu – Board Member and Program Director at VIISA, said: “Unlike any other, we want to preserve the excitement of live pitching, so this is not a recorded video, we have all the founders here with us and they are ready to go. So it is the first week 2021 and it seems like we will have another very eventful year. The UK announced 3rd lockdown, the Capitol Hill was taken yesterday. But still in Vietnam thousands of people gathered for fireworks shows on new year’s eve. I believe this tranquility in Vietnam represents what everyone has achieved in the last year. We all have sharpened our adaptability and agility to maintain the composure of our businesses. I hope we all will carry on this great attitude forward to 2021. We started this batch in June 2020 with 3 companies and only one succeeded to graduation. During this batch, we also continued supporting the alumni to recover from the covid situation.”

This year’s Investment Day was not only an opportunity for VIISA Batch 8 startups to demonstrate their maturity, but also a chance for alumni startups who have participated in previous courses to reconfirm their development and position in the startup ecosystem.

Whether the startup model is about real estate, fashion, events, e-commerce, technology, and applicability factors are all of the program priorities. With the hope to help young Vietnamese startups build their global business, these are special features that VIISA always appreciates.

Pitching in the event were 5 startups:

CYHOME: CyHome is Vietnam’s leading Property management platform that has already served top-tier customers in the field of property management (PM) such as CBRE, Proman (Novaland), Visaho, Blue Diamond, My House… With an affordable fee, PMs now can have a world-class ERP, and service providers can have a better way to serve customers. What the startup wants to bring to market is a new way of living and working in crowded cities: with no fee, the resident/tenant should have a premium experience.

DROBEBOX: Drobebox is a disruptive fashion tech startup that offers a clothing subscription service for women.

Users could unlock their dream closet, which contains thousands of premium designs with a fixed monthly fee, and enjoy any item without buying, maintaining, or considering doing the laundry.

Starting at US$30 per month, members could explore and enjoy up to 30 new items every month that would normally cost $1000-3000.

Using state-of-art technology such as AI, Drobebox platform provides an “infinity” closet with a true personalization experience that helps dress best every day as simple as ordering food delivery.

WISEPASS: WisePass is a lifestyle app enabling its subscribers to access products, services, or events sponsored by brands. Star

ting from 239,000 VND per month, a subscriber gets 3 PASS(es) a day to enjoy any brands provided on the platform.

VDES: VDES is the very first marketplace of the event industry, which connects event venues & event suppliers to customers in the simplest way with advanced technology. In over four years of operation, VDES has been partners with more than 520 vendors and organized more than 2250 events for users (customers & cooperate).

With technology solutions and event-ecosystem platform, VDES offer service to vendors to increase competitive advantage, increase business efficiency, and decrease operating costs by event management system, we will launch this SAAS in 2021.

ECOMEASY: EcomEasy Asia (ECE) is a dynamic ecommerce solution provider for consumer brands in Vietnam.

ECE’s integrated capabilities encompass all aspects of the e-commerce value chain from SKU selection, sales and inventory management to on-site operations, logistics and fulfilment.

ECE has generated billions of VND in sales and hundreds of thousands of orders on all 10 ecommerce platforms operating in Vietnam for dozens of brands.

The representative from VIISA hopes that Investment Day will provide the Vietnamese startup community with many opportunities to connect and exchange knowledge, which contributes to awakening the potential of domestic businesses and opens up more opportunities to promote Vietnamese startups

At the end of Investment Day Batch 8, Mr. Hieu also called for startups to apply at www.viisa.vn to capture opportunities for companionship and support from VIISA.

About VIISA:

Established in January 2017 by FPT Ventures and Dragon Capital, VIISA is an acceleration program and seed-stage fund that invests to build global-ready startups from Vietnam.

After 7 batches to date, there have been 40 graduates, in which some startups have successfully secured US$5.5 million in committed deals from investors.