VLeisure
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VLeisure - overview
Established
2013
Location
Ho Chi Minh City, -, Vietnam
Primary Industry
Internet
About
Based in Vietnam, Mekong Leisure Travel JSC focuses on delivering innovative leisure and recreational solutions, enhancing the user experience through technology and comprehensive service design. Mekong Leisure Travel JSC specializes in leisure management solutions to optimize operations for recreational facilities. Founded in 2013 in Ho Chi Minh City, Vietnam, the company has engaged in 2 significant investment deals. The most recent funding round occurred on April 13, 2023, led by BonAngels Venture Partners, contributing to a current company valuation of USD 4.
00 mn. Mekong Leisure Travel JSC, through its brand Vleisure, offers leisure management systems that assist in membership management, scheduling, and customer engagement for various facilities, including gyms and community centers. The company's technology, continuously updated to meet market demands, serves clients across North America, Europe, and Asia, catering to both public and private sectors. In the year 2023, Vleisure generated revenue of USD 740,559.
7, with an EBITDA of USD -157,025. 4. The company's revenue model is based on subscriptions for access to its leisure management software, which includes initial setup fees and ongoing subscription costs. Following the acquisition of Vleisure by Society Pass Incorporated in April 2023, strategic plans include the expansion of operations beyond Indonesia, targeting new markets in Southeast Asia by the end of 2024.
Recent funding will facilitate the development of new products and service enhancements to support this market expansion.
Current Investors
BonAngels Venture Partners, Nextrans, VIC Partners
Primary Industry
Internet
Sub Industries
Hospitality Services, Travel & Tourism, Hotels & Accommodations, Search Engines, Accounting/Finance Software
Website
www.vleisure.com
Verticals
E-commerce
Total Amount Raised
Subscriber access only
VLeisure - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 24,140,185,571 | 38,297,926,569 | 63,073,626,537 | 17,616,646,291 | 4,175,662,482 | - | - | - |
| % Revenue Growth (YoY) | - | 58.6% | 64.7% | (72.1%) | (76.3%) | - | - | - |
| EBITDA (USD) | (976,773,351) | (1,239,540,822) | (3,013,011,296) | (1,116,185,530) | (597,630,493) | - | - | - |
| Operating Income (USD) | (976,773,351) | (1,239,540,822) | (3,013,011,296) | (1,116,185,530) | (597,630,493) | - | - | - |
| Operating Margin | (4.0%) | (3.2%) | (4.8%) | (6.3%) | (14.3%) | - | - | - |
| % EBITDA Margin | (4.0%) | (3.2%) | (4.8%) | (6.3%) | (14.3%) | - | - | - |
| NET Income (USD) | (980,118,257) | (1,435,178,936) | (3,052,106,448) | (1,116,580,013) | (639,110,589) | - | - | - |
| % Net Margin | (4.1%) | (3.7%) | (4.8%) | (6.3%) | (15.3%) | - | - | - |
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