On September 27th, Columbus Startup Venture Capital Partners, represented by Shark Hung Pham, Chairman of the Investment Board, signed a collaboration agreement with Mr. Nguyen Van Phuc, the founder of the Leather Hospital. This partnership aims to boost the leather care industry and create more job opportunities for disadvantaged individuals in Vietnam.
This investment deal is considered a notable success from Shark Tank Vietnam season 7, as the Leather Hospital convinced investors and gained significant attention.
Shark Hung Pham and Mr. Nguyen Van Phuc seal the collaboration between Columbus Startup Venture Capital Partners and Leather Hospital
During the signing ceremony, Mr. Nguyen Van Phuc committed to using the entire investment from Columbus Startup Venture Capital Partners to provide vocational training for people from difficult backgrounds and vulnerable groups in society.
“Leather Hospital will train 150 vulnerable individuals over five years, helping them secure stable jobs, in line with our agreement with Columbus Startup Venture Capital Partners,” shared Mr. Phuc.
The CEO of the Leather Hospital stated that the project solely focuses on training, providing accommodation, and job placement for disadvantaged people. Additionally, the startup also supports its employees with capital and technical skills to become masters of their craft, on the condition that they agree to continue supporting other vulnerable individuals.
Over the past five years, the Leather Hospital has helped nearly 30 people secure stable jobs, earning salaries ranging from 9 to 15 million VND per month.
The Leather Hospital team and the Sharks celebrate the successful collaboration
In Shark Tank season 7, Shark Hung and Shark Phi Van committed to investing without receiving dividends and set conditions to ensure the effectiveness of their investment.
Shark Thai offered to invest 500 million VND for an 8% stake, requesting that his investment be repaid after three years and that the startup sell its products on the platforms of the Thai Huong Corporation.
Shark Minh Beta not only agreed to invest but also withdrew a Golden Ticket worth 500 million VND as an additional gift for the Leather Hospital. The owner of Beta Group also invited Sharks Hung, Phi Van, and Thai to join this investment deal.
Accepting the investment proposal of 500 million VND for an 8% stake from Shark Minh and the three other Sharks, Nguyen Van Phuc shared: “There is nothing more wonderful than having the companionship of three more Sharks.”
In 2023, the Leather Hospital also received the WeChoice Awards in the Inspirational Figure of the Year category.
“The Ultimate Biotech Startup: Shark Binh’s Curiosity Sparks Intrigue”
With nearly three decades of experience in the fertilizer and pesticide industry, Agricultural Engineer Ho Phuc Nguyen has created a revolutionary product that targets both insects and diseases, boasting impressive results. This innovative solution is not only effective and fast-acting but also environmentally friendly and cost-efficient, undercutting its competitors by 30-40%. Nguyen’s remarkable achievement has even drawn admiration from German industry veteran Tillman Schulz, who likened it to “hitting the jackpot.”
“The Flood Season’s Savior: A Startup’s Innovative Car Cover Solution”
“Your innovative thinking is impressive, and it’s clear you’ve come up with solutions that even the Sharks here might not have considered. I can see you joining their ranks in 5 to 10 years.” Shark Viet commended the Founder of Hoa Loc Thanh, who invented the Covo flood-proof tarp that turns cars into makeshift boats during floods.
The Rare Startup That Had All 5 Sharks Fighting: Organizing Trekking and Mountain Climbing at 40 Routes, No Debt, and a Revenue of VND 90 Billion
The financial portrait painted by the keywords “debt-free”, “profitable post-pandemic”, and “annual revenue of 89 billion VND” was enough to entice five Sharks to make an offer to the adventurous startup, To Ong Adventure.
The Ultimate Shark Tank Deal: Film Project Offers 70% Stake to Investors, Leaving Sharks in a Frenzy of On-the-Spot Fund Transfers.
Even the film project “Than Tra”‘s production director was stunned when the sharks immediately took the bait, accepting the offer of VND 4.5 billion for 70% of the shares. All five sharks showed interest in the deal, asking for the QR code to transfer the money on the spot. Shark Minh even stated that no due diligence was necessary, given the impressive portfolio of the founder, which included notable works such as “Co Ba Sai Gon,” “Hai Phuong,” and “Mat Biec.”
“Material Success is Not Enough for a Man’s Spirit”: Confessions of a Startup That Pitches for a Whopping $43 Million on Shark Tank
“It wasn’t revenue and profits that drove us to enter the recycling industry. We had already found material success in our previous venture in road construction, but it wasn’t fulfilling on a spiritual level, neither as men nor as fathers. I have three sons, and I want them to have grand aspirations and ideals.” – Lê Trung Thông, CEO of Lagom Vietnam.
