One Mount Group – a technology group backed by Vingroup and Techcombank
In October 2020, One Distribution Joint Stock Company (belonging to One Mount Group) officially announced the launch of VinShop application. This is a technology product that connects the supply of goods directly from the manufacturer to the grocery store owner.
With the starting point of more than 20,000 grocery stores combined with VinID application with 10 million customers, VinShop has initially created the first B2B2C (Business to Business to Customer) model in the Vietnamese retail market.
As of April 2022, VinShop has been present in 22 provinces and cities across the country with 100,000 groceries, importing up to 4,000 items on the application after just over 1 year of entering the market. On average, more than 200 grocery stores join the VinShop system every day.
In 2021, VinShop’s revenue reached VND 4,322 billion, up 4 times over the same period in 2020.
According to this unit’s data, the platform once recorded a growth of 49% GMV (total goods) per month, the average order value of small businesses also increased by 51% / month. A representative of VinShop said that after more than a year of implementation, this unit has advanced hundreds of billions of dong for thin groceries that can be imported and rotated capital to quickly increase income.
With impressive growth, Asia’s leading consumer technology site, Tech In Asia once likened the rise of VinShop to the “Goliath giant” of the Vietnamese retail market.
Currently, VinShop is a partner of many large enterprises with direct distribution on platforms such as Unilever, Heineken, Sabeco, Habeco, P&G, Lavie, Vinamilk, Ajinomoto,…
About One Mount Group, this is a member company of Vingroup that was established at the end of 2019 and has the chairman of the Board of Directors is Mr. Ho Anh Ngoc – brother of Techcombank chairman Ho Hung Anh. One Mount’s ecosystem includes VinID, VinID Pay, OneHousing and VinShop.
On its website, One Mount Group describes it as being established with the ambition of creating the largest technology ecosystem in Vietnam, providing solutions and services throughout the value chain, from the financial services sector. , distribution, real estate and retail.
Start with VinShop, a dedicated retail app that helps independent grocers grow their stores through technology that helps with inventory and supply chain management. VinID, the largest super application and loyalty management system in Vietnam, integrates many functions such as payment, housing management, purchasing, and financial services. And OneHousing, a comprehensive platform for all housing needs, buying and selling support, investment and other real estate-related services.
From the initial charter capital of more than 3,000 billion VND when established, in July 2021, One Mount was increased capital to 5,412 billion VND.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
