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- [Shark Tank Season 6 Episode 7] Shark Hung Anh, Shark Louis, Shark Minh Beta collaborated in investment of Thuyen Xua Foods
24 Apr, 2024 (GMT+7)
[Shark Tank Season 6 Episode 7] Shark Hung Anh, Shark Louis, Shark Minh Beta collaborated in investment of Thuyen Xua Foods
24 Apr, 2024 (GMT+7)
Three passionate capital calls from the founders appear in Shark Tank season 6 episode 7: A brand of spices and foods for families and infants called Thuyen Xua Foods; a product called Émer that “saves women's lives” on their period; and, lastly, an application called Riolish that helps students learn other languages in preparation for their 6-month English proficiency test.
Thuyen Xua Foods offered an incredible "deal".
Shark Tank Season 6's seventh episode featured Doan Phuong Ly, the creator and director of Thuyen Xua Foods Co., Ltd. With fifteen years of expertise in the production, processing, and distribution of goods for numerous global companies, Phuong Ly made an impression on the Invest Council with her ability to respond to queries in a calm and flexible manner, ranging from simple to complex.
In 2007, Phuong Ly founded Thuyen Xua Foods with the goal of creating a Vietnamese food brand. Her purpose is to provide Vietnamese families with high-quality, practical, and essential products for their kitchens.
Thuyen Xua Foods has accomplished some highly noteworthy goals. The brand currently has 5,000 sales locations, over 35 large and local grocery chains, and a presence in 60 provinces and cities. Revenue for Thuyen Xua was 25 billion in 2021, 35 billion in 2022, and 50 billion is anticipated in 2023. If funding is effectively raised, the director of Thuyen Xua Foods also projects that the company would reach 250 billion in sales by 2028.
Shark Hung Anh was "moved" by the Startup's unwavering passion and devotion. He wanted to "invest in the founder's enthusiasm" by offering 10 billion VND for 33% of the company's shares. Shark Louis, however, then made an offer to buy 15% of the shares for 10 billion VND and asked for assistance from the other two Sharks, Shark Hung Anh and Shark Minh Beta. Ultimately, this brand was able to win over the three "Sharks" to its cause and push the boat farther in the hopes that Thuyen Xua will continue to reach farther into the “wide ocean” of opportunities.
Startup Thuyen Xua Foods and 3 Sharks
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