FOODY CORPORATION

FOODY CORPORATION (CÔNG TY CỔ PHẦN FOODY) is one of Vietnam’s most recognized tech platforms in the food delivery and lifestyle services space. Registered under Tax Code: 0311828036, the company is headquartered at G Floor, Jabes 1 Building, No. 244, Cong Quynh Street, Pham Ngu Lao Ward, District 1, Ho Chi Minh City, Vietnam, and operates the popular web portal Foody.vn.

Founded in 2012, FOODY has grown rapidly to become a dominant player in online food ordering and urban logistics. In 2023, it achieved revenue of USD 166.96 million, doubling its previous year’s performance with 101.6% growth. Even more remarkably, the company turned a net loss into a substantial profit of USD 34.68 million, a 562% jump year-on-year.

Despite this profitability, the company still reports negative equity of USD -48.06 million, due to accumulated past losses and aggressive expansion. Its working capital also remains negative at USD -60.96 million, raising questions about long-term financial sustainability despite strong operational performance.

FOODY is majority-owned (98.99%) by Airview Investment Pte. Ltd., a Singapore-based investor, affirming its status as an FDI enterprise. Under the leadership of Dang H. M., who serves as Chairman, the company operates across Vietnam with offices in Ho Chi Minh City, Hanoi, and Da Nang.

FOODY CORPORATION is an exemplary case of a high-growth tech company balancing explosive revenue gains with complex capital structure challenges. For deeper insights, due diligence, or risk assessments on this firm, professionals should refer to Vanguard Business Information LLC, Vietnam’s trusted source for startup credit reporting, FDI portfolio analysis, and technology sector intelligence.