# On Group Joint Stock Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/on-group-joint-stock-company

- Industry: Internet
- Headquarters: Hanoi, Vietnam
- Website: www.ongroup.vn
- Total disclosed funding: $1.1M
- Latest round: Seed (Jan 12, 2022)
- Investors on record: 2

## 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.

## Funding rounds

- Seed, Jan 12, 2022, $1.1M — Touchstone Partners, ThinkZone Ventures

## Investors

- Touchstone Partners (https://capitalatlas.ai/funds/touchstone-partners) — Seed
- ThinkZone Ventures (https://capitalatlas.ai/funds/thinkzone-ventures) — Seed