Shark Tank Vietnam Season 7 concluded with a remarkable 25 successful funding deals, totaling over VND 180 billion in investments. In the final episode, the Sharks also offered valuable advice to help startups scale their businesses.
Shark Van, who identifies herself as a “Shark Franchise,” seeks franchisable business models with expansion potential in Vietnam and globally. She shared three key tips for aspiring entrepreneurs in the franchise space. First, prioritize models with a strong sense of Vietnamese cultural identity, as these tend to be intriguing to international audiences. Second, structure your financial model attractively. Lastly, focus on sustainability and long-term vision, underpinned by serious investment in scalable models.
However, according to Shark Van, finding a replicable model and succeeding in franchising is no easy feat. Startups need to offer unique products and have a clear expansion plan for domestic and global markets. Additionally, an efficient financial model is crucial, demonstrating the benefits and profitability for potential partners.
“Lastly, successful chain franchising requires exceptional management and a highly professional support system for franchise partners,” emphasized Shark Van.
Wrapping up Season 7, Shark Phi Van sealed four deals, investing over VND 8.3 billion.
Similarly, Shark Tillman Schulz, a German investor, shared his investment preferences. He is drawn to startups or founders with a numbers-driven approach, meaning concrete figures for buying and selling prices, gross and net profits, export plans, and clear investment utilization strategies.
Additionally, Shark Schulz advised Vietnamese startups to improve their English language skills to facilitate smoother international trade.
During Season 7, Shark Schulz committed to investing VND 2 billion in one deal and supporting another startup in connecting with potential partners. He also acknowledged the vibrant potential of Vietnam’s startup ecosystem and affirmed that “many companies are eager to invest.”
In terms of overall investment activity for the season, Shark Binh secured 11 deals, investing over VND 73 billion. Shark Minh Beta successfully closed 12 deals, investing more than VND 49 billion. Shark Hung finalized 5 deals, totaling over VND 8.7 billion in investments.
Among the two new Sharks, Shark Thai concluded 6 deals, investing over VND 25 billion, while Shark Le My Nga invested in 5 startups, totaling VND 13.6 billion.
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Miss Thao Nhi Le, also known as the founder of the niche perfume brand Nimai, left the 5 Sharks in awe during her pitch. Nimai, a brand with a unique and rare offering, is set to launch in Vietnam soon. The fragrances are crafted in France, with a limited-edition range, each with its own distinctive scent.
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