HO CHI MINH CITY, 7th May 2019.
Mekong Capital-managed Mekong Enterprise Fund III has provided financing to Pharmacity JSC., the largest pharmacy retail chain in Vietnam with 186 stores in five big cities.
With the new financing, Pharmacity is aiming at enlarging its network to more than 1000 stores nationwide by 2021.
Recently, Pharmacity has celebrated surpassing one million customers subscribed to its customer loyalty program, marking the continuous trust from Vietnamese consumers for better health-care products and services.
Launched in May 2015, Mekong Enterprise Fund III is a private equity fund, and currently has $112.5 million in committed capital. Mekong Enterprise Fund III has announced seven other investments, including ABA Cooltrans, Red Wok (formerly Wrap & Roll), F88, Ben Thanh Jewelry (Precita), Nhat Tin, Yola Education and Vua Nem.
Pharmacity was established in November 2011 and is one of the first cutting-edge retail pharmacies in Vietnam, always aiming to improve the quality of health care for each customer.
Pharmacity retails both Vietnamese traditional and Western medicines, as well as beauty products and vitamins. Available items at the stores are sourced directly from authorized distributors and manufacturers, rather than wholesalers or traders, to serve its customers with the highest quality authentic products.
Led by the Founder and CEO, Mr. Chris Blank, Pharmacity has assembled a high-performance management team with extensive experience in pharmacy, retail and pharmaceuticals – both in Vietnam and internationally. Pharmacity is expected to continue to lead the convenient pharmacy chain model and is entrusted by customers for their health and wellness.