What is the target market of JWC fund ?
JWC aims to be one of the most active VC’s in pre-round A/TGE. JWC is a highly scalable & transformative tech innovation VC. It utilizes blockchain in conjunction with advanced IT & digital platforms for the following defined industries:
1) E-commerce,
2) Global Logistics,
3) Biotech & Genetics,
4) Advance technology (AI, ML & Smart Transportation)
and 5) Social Value, such as Food Distribution toward "Zero Hunger" and Renewable Energy.
Target Market: APAC, EMEA and US economies.
So from what I see is that you are targeting industries which are currently experiencing growth or have potential which is good. Do you have any ongoing partnerships which are already active or any other discussions in the pipeline which may help people to invest into your project?
JWC general partners have been active in the venture space for the
last 6 years. As a result, we can leverage our strong insights from deal flows in APAC, EMEA and US markets.
The following is a description of the first investment initiative by JWC as a case study for the investment thesis of the fund:
Caganu.com investment caseIntroduction– Founded in 2012 in HCMC (Vietnam).
– Developed a vertically integrated e-commerce business with an unique O2O (online to offline) component.
– Expanding its territory in Vietnam with a 2-tiered supply chain model.
– Raising funds to establish three new central warehouses (HCMC, Hanoi, Danang) and 60+ satellite showrooms.
– Profitable since 2014 with over 120,000 orders placed in 2016.
Target marketThe obtainable market is conservatively estimated at 25% of the total domestic e-commerce. Thanks to O2O and offline strategy, Caganu is capturing the opportunity of the whole e-commerce in the Vietnamese provinces along with a big part of local retail.
ValidationCaganu is the leading B2C e-commerce platform for fishing equipment and leather products in Vietnam. In order to execute its plan, Caganu is planning to raise 2M USD. By completing the three central warehouses and reaching long-term profitability by 2019, we do not anticipate a need for future cash injections to finance future growth.
Potential existsCaganu has been executing its plan to meet compliance and eligibility requirements for IPO in the Vietnamese stock exchanges since the first day the company was formed. This IPO could be an interesting exit strategy for the investors. A comparable case is Thegioididong.com, which expanded nationally with a similar dealership model. In this venture, Mekong Capital invested 3.5M USD in 2007 when Thegioididong.com had only 7 stores in the country. The IPO of the Thegioididong.com in 2014 resulted in a tenfold return to Mekong Capital.