On Group Joint Stock Company
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On Group Joint Stock Company - overview
Established
2021
Location
Hanoi, -, Vietnam
Primary Industry
Internet
About
Based in Hanoi, Vietnam, and founded in 2021 by CEO Giang Nguyen and COO Dzung Luu, On Group Joint Stock Company, trading as OnGroup, operates as a social commerce platform that allows users to sell branded products and get commissions from every transaction. In January 2022, On Group Joint Stock Company raised USD 1. 1 million in seed funding led by Touchstone Partners, with participation from ThinkZone Ventures. As of January 2021, the company has 20,000 products on its platform and over 10,000 salespeople.
On Group Joint Stock Company provides a full range of products and an end-to-end solution for sellers by creating an online store on the On application and adding the products users want to trade in the store, allowing the user to share the online store with friends, acquaintances, and available channels for sales. Another platform is OnDelivery, which delivers products and allows tracking of order status. The platform enables people to make money by selling new, brand-name products. The company will use the seed funding to expand its presence and provide management, delivery, and capital support for its sellers.
Current Investors
Touchstone Partners, ThinkZone Ventures, Flexport, Inc.
Primary Industry
Internet
Sub Industries
Courier & Delivery Services, Web Applications, Application Integration Software
Website
www.ongroup.vn
Verticals
E-commerce, Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
On Group Joint Stock Company - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 304,672,500 | 96,955,000 | 1,207,233,617 | - | - | - |
| % Revenue Growth (YoY) | - | (68.2%) | 1145.1% | - | - | - |
| EBITDA (USD) | (155,117,058) | (955,399,091) | (119,070,871) | - | - | - |
| Operating Income (USD) | (155,117,058) | (955,399,091) | (119,070,871) | - | - | - |
| Operating Margin | (50.9%) | (985.4%) | (9.9%) | - | - | - |
| % EBITDA Margin | (50.9%) | (985.4%) | (9.9%) | - | - | - |
| NET Income (USD) | (155,091,906) | (955,180,574) | (118,961,335) | - | - | - |
| % Net Margin | (50.9%) | (985.2%) | (9.9%) | - | - | - |
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