START UP WINNERS DURING COVID

In recent years, the start-up trend in Vietnam is flourishing. Come along with ITI FUND to find out 4 startups are thriving during the pandemic. 

Foodmap

Foodmap, a Vietnamese e-commerce business, has acquired $500,000 in venture funding from Wavemaker Partners, according to DealStreetAsia. 

Nguồn: Foodmap

Foodmap is an e-commerce website that specializes in providing products related to safe agricultural products. It serves as a link between farmers and small or medium agricultural enterprises, allowing products to be traced all the way to the end consumer. 

Pham Tung, the company’s founder and CEO, is the director of Cau Dat Farm (Da Lat, Lam Dong) and has more than ten years of agricultural start-up expertise. 

In a recent interview with the press, a representative of Foodmap stated that major e-commerce platforms collaborated to introduce the agricultural goods sector due to the high demand for fresh food during the period of social separation caused by Covid-19. Foodmap, in particular, is one of the first Vietnamese firms to offer agricultural products via the internet. 

DH Foods

Recently, Vietnam Shark Tank season 4 has closed with a ceremony celebrating the top 20 most outstanding enterprises. DH Food, in addition to being on the list above, is a well-liked company model with numerous actions to aid the community throughout the pandemic period. 

Dh Foods, founded in 2021, is a company that specializes in the production and distribution of Vietnamese seasoning products, such as dipping salt, natural seasoning, sauce, fish sauce, pickled vegetables, and so on, with the following criteria: No artificial colors or preservatives in these products. 

This company’s products may be found at most Vietnamese supermarkets, including Vinmart, Bach Hoa Xanh, CoopMart, BigC, and others, as well as wholesalers and agents across the country. Many discerning markets, including Japan, Korea, the United States, the United Kingdom, Germany, and Russia. 

Despite being in the midst of a pandemic, Dh Foods’ sales were fortunately still increasing. Year-end growth is predicted to approach 50%, as it did for six years prior to the outbreak. The business ran across several issues when implementing 3 on-site operations, but Dh Foods is still working hard everyday to supply items to partners on time and provide the possible service to customers.

ELSA

ELSA – stands for English Language Speech Assistant – was founded in 2015 by Van Dinh Hong Vu (Van Vu) and Xavier Anguera, a Portuguese doctor who specializes in artificial intelligence and speech recognition. According to Bloomberg, the English language learning software ELSA has also raised $15 million in a Series B fundraising round led by Vietnam Investments Group and SIG. 

Nguồn: ELSA Speak

Van Vu said that her personal experience of attempting to learn English inspired her to create an app like ELSA, specifically: “I moved to the United States to pursue my Master of Business Administration and Master of Education degrees at Stanford University. Because of my inadequate English, my first year at Stanford was challenging. People frequently misread me.” 

The pandemic of Covid-19 has raised the need for online education. Although most ELSA users are between the ages of 15 and 35, the app is drawing a growing number of children aged 6 to 15, as parents turn to the internet to assist their children learn English. 

Computer Vision Vietnam-CVS eKYC

Launched in the early 2020, CVS eKYC is a completely automated eKYC solution that uses artificial intelligence (AI) technologies based on Machine Learning and Deep Learning techniques such as Face Recognition, Optical Character Recognition (OCR), invalid document detection, and invalid face identification. 

Customer identification and identification solutions for financial technology businesses (fintech) and banks are provided by CVS’s solution, which is based on sophisticated image processing technology and artificial intelligence. CVS eKYC has the ability to extract information from photographs, which can assist fintech companies handle customer records more swiftly and efficiently. 

In addition, the project includes a number of image-related solutions, such as searching through a database of millions of related images of customers for businesses, time attendance, face participation, license plate recognition, and facial feature analysis, all of which are extremely useful in limiting direct contact with the Covid 19 epidemic. 

CVS will continue to invest in upgrading current products and developing new services for Fintech and digital transformation with the funding and assistance of Next100.tech Investment Fund.