Mekong Capital has announced that Mekong Enterprise Fund IV has completed an investment in Mutosi Group, a manufacturer and distributor of water purifiers and electrical appliances following Japanese standards.
|Mekong Enterprise Fund IV will support Mutosi Group in successfully scaling up operations |
Specifically, Mutosi focuses on four product lines including water purifiers, safe kitchen appliances, air purifiers, and environmental care systems such as raw water treatment. The quality control system at Mutosi is advised by experts from Hirayama Holdings, a Japanese Business Management company with 66 years of experience in manufacturing consulting and human resources training.
After three years, Mutosi has grown from 300 points of sales in mid-2019 to over 3,000 points of sale nationwide now. The investment from Mekong Enterprise Fund IV will support the company to advance its research and development in manufacturing technology, increase the quality of customer experience, train and develop staff, and expand distribution scale. By the end of 2021, Mutosi plans to increase its points of sale to 4,000.
Tran Trung Dung, CEO of Mutosi, said: “With Mekong Capital’s previous experience in big companies like Pizza 4P’s and Mobile World, I believe the fund will help Mutosi access the most efficient operating models. This cooperation also inspires Mutosi to be Mission-and-Vision-driven. This is an honour and a remarkable milestone for Mutosi on the way to realising this vision, becoming the pride of Vietnamese people with breakthrough technology and the best customer experience."
Mutosi Group is the second investee company announced by Mekong Enterprise Fund IV, which is a private equity fund with $246 million in committed capital. The fund focuses on retail, education, restaurants, consumer services, FMCG, and the healthcare sector in Vietnam.