# FoodMap

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/foodmap

- Industry: Internet
- Headquarters: Ho Chi Minh City, Vietnam
- Website: https://foodmap.asia/
- Total disclosed funding: $2.9M
- Latest round: Seed (Jan 18, 2022)
- Investors on record: 4

## About

UFO Technology and Trading Co., Ltd, based in Vietnam, operates in the e-commerce sector, specializing in the sale of a diverse range of high-quality food products sourced from local agriculture. Their focus is on connecting consumers with fresh and healthy food options.Founded in 2017, UFO Technology and Trading Co., Ltd offers a platform for purchasing fresh agricultural products. The company has successfully raised USD 1.00 mn in venture funding on June 27, 2023, from investors including BEENEXT, Vulpes Investment Management, and Wavemaker Partners. The firm operates from its headquarters in Ho Chi Minh City, Vietnam. Key founders of the company include Nguy?n Máy, Thai Thanh, Tung Anh, Tung Pham, and Zhe Li. The firm has completed three deals to date, with the most recent focusing on enhancing its operational capabilities.FoodMap provides a wide selection of food items, including fresh fruits, dried fruits, nuts, and specialty beverages. Their emphasis on sourcing locally grown Vietnamese products caters to both individual consumers and businesses requiring bulk supplies. The company primarily services Southeast Asian markets, particularly urban centers in Vietnam, and is actively exploring international distribution channels to reach more customers.In the most recent fiscal year, FoodMap reported a revenue of USD 2,922,207.80, with an EBITDA of USD -1,084,942.20. Their pricing model is straightforward, allowing customers to easily understand their spending while ensuring competitive pricing across varied product tiers. The company has established efficient delivery systems to enhance customer satisfaction and support its sales efforts.Following their recent funding round in June 2023, FoodMap plans to utilize the raised USD 1.00 mn to bolster its expansion efforts. The company is looking to introduce new products while broadening its presence in targeted international markets. Specific geographic regions for this expansion have not been disclosed, but the company is committed to reaching more consumers as it grows.

## Funding rounds

- Seed, Jan 18, 2022, $2.9M — Wavemaker Partners, Vulpes Investment Management, BEENEXT, AVV

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed
- Vulpes Investment Management (https://capitalatlas.ai/funds/vulpes-investment-management) — Seed
- BEENEXT (https://capitalatlas.ai/funds/beenext) — Seed
- AVV (https://capitalatlas.ai/funds/avv) — Seed