Mysterious investment start-up company of Chairman of Coteccons

In October 2020, Coteccons officially announced the appointment of Mr. Bolat Duisenov to replace Mr. Nguyen Ba Duong as Chairman of the Board of Directors, ending a multi-year conflict between groups of shareholders at the largest construction contractor in Vietnam.

Mr. Bolat Duisenov was born on April 30, 1981 in Kazakhstan, is the founder and General Director of Kusto Vietnam – a major shareholder of Coteccons many years ago. The Kazakh businessman has about 20 years of investment experience and 13 years working in Vietnam.

Mr. Bolat Duisenov’s extensive experience is reflected in his previous positions at Kaspi Banks, Texaco Bank – Kazakhstan, General Director of Tandem Group – Kazakhstan, and from 2008 to 2020 as General Director of Kusto. Vietnam.

Not only did he get attention from sitting in the Chair of Conteccons, but few people know that Bolat Duisenov is also a “shark” in the startup field, through the management of the 98.7% stake in PilotX Ventures.

Founded in April 2018, PilotX Ventures is a venture capital firm based in Singapore, aiming at startups, small and medium enterprises that use technology for growth, as well as expansion goals. Southeast Asia.

The list of startups supported by PilotX Ventures is equally as long as Kusto Vietnam’s equity investments, including a variety of startups in many fields such as F&B, transportation, fintech, healthcare, media, mother-baby retail.

Mysterious investment start-up company of Chairman of Coteccons Mr. Bolat Duisenov – Chairman of the Board of Directors of Coteccons Construction Joint Stock Company.

Topping the list of startups announced by PilotX Ventures is the Dodo Pizza Vietnam brand. On the Fanpage of this brand, it seems that Dodo Pizza Vietnam has only operated since mid-2020, through two branches preparing to go into operation in the city. HCMC, particularly in District 1 and Binh Thanh.

Dodo Pizza Vietnam was introduced as a pizza franchise operating under the franchise model, which has more than 700 stores in 14 countries around the world. The first Dodo Pizza stores were launched in 2011 in Russia. The strength of Dodo Pizza is its fast delivery via digital platforms.

Meanwhile, GoDee – startup takes advantage of the economy model providing specialized car service for office people to work and return at affordable prices in the city. Ho Chi Minh City and intercity have been invested by PilotX Ventures since the early days of establishment and the end of 2018.

The car that GoDee uses to transport passengers is mostly new, clean, with air-conditioning. Driver is polite, greet guests when getting on / off the bus, driving safely, on time. Customers can easily reserve their seats, as well as track the actual travel routes right on the mobile application.

GoDee co-founder and CEO – Mr. Ruslan Karabukaev has come to Vietnam to work since 2016 and live with his wife and 2 children in Ho Chi Minh City. HCM City. Last year, GoDee is also one of the top 5 startups of the Grab Ventures Ignite program, which is expected to make a breakthrough soon by utilizing technology and effective governance.

Also related to the sharing economy model in travel and travel, PilotX Ventures also invests in startup Via which is present in 20 countries. The difference of Via compared to GoDee is that this company allows private vehicles to participate in transportation, as well as serving a larger customer base such as students, students, people with disabilities.

Mysterious investment start-up company of Chairman of Coteccons PilotX Ventures invests in startups in many fields such as: F&B, transportation, fintech, healthcare, media, mom & baby retail.

In the financial sector, Bolat Duisenov’s PilotX Ventures also soon set foot in Tonik – the first digital-only bank or neobank in the Philippines.

Tonik customers can open a fully functional bank account in less than 5 minutes using the Tonik App (Tonik App) on a phone or computer, present their ID card and take a photo of their profile.

Tonik offers deposit, payment and card products to consumers on a highly reliable digital banking platform. To date, Tonik has raised $ 21 million in capital, and is backed by leading venture capital funds such as Sequoia India, and Point72.

On the investment list of PilotX Ventures is also FLOW – a startup in credit management industry based in Singapore (formerly known as AsiaCollect).

FLOW was founded in 2016 by co-founder Tomasz Borowski. The idea of ​​FLOW popped up when he saw the unprofessional practices that conventional collection agencies use to retrieve unpaid balances. He joined hands with Artem Rafaelyan and Sergei Popov to solve this problem with technology.

FLOW uses Artificial Intelligence and Machine Learning to create debtor profiles to help banks and nonbank lenders recover their bad debts (NPLs) through means such as automatically generated SMS , interactive voice recording and prediction dial system.

Debt collection redefinition begins with creating personalized, digital experiences that help consumers overcome their financial struggles. To date, FLOW’s data collection strategies have supported more than 2.8 million consumers in Vietnam, Indonesia and India.

Mysterious investment start-up company of Chairman of Coteccons The Pet System is listed as an investment by PilotX Ventures held by Mr. Bolat Duisenov.

In the media sector, PilotX Ventures lists the ADBRO name as an investment. ADBRO is known as a leader in AI Computer Vision technology applied to the Native in-image ads system.

ADBRO technology is capable of reading and understanding the content of images and videos online without going through any keywords; specifically, instead of using the naked eye to search for hundreds of millions of images related to the advertising business, this technology has the ability to automatically analyze, identify and connect advertising campaigns that are suitable for users through the image they are looking for.

By advertising through images instead of keywords and the appearance of the ad in harmony with the article content that the user reads on the first image, the likelihood of the reader seeing the ad is higher than usual. . The ad experience with this new format also received a more positive response compared to other placements.

In the medical sector, PilotX Ventures also invests in Amwell (formerly American Well) – an online wellness application, as well as remote medical treatment. Last year, Amwel went public, after receiving a $ 100 million investment from Google.

Amwell currently works with about 2,000 hospitals, 55 health programs and 36,000 employers. The company has about 700 employees and has raised more than $ 500 million from investors including: Anthem, Philips, Allianz and Teva Pharmaceuticals

In particular, the list of PilotX Ventures also includes the retail chain of mother and baby products – Pet of Vietnam. Con Pet’s store opening speed skyrocketed in the past 2 years. In 2016, there were 100 stores and in 2018 there were more than 414 stores with more than 2,000 items in 45 provinces of Vietnam.

By the end of 2019, Con Cung has 458 supermarkets under the brand name Con Cung, Toycity & CF (Con Cung Fashion). The company aims to have 1,000 stores nationwide by 2021.

In the shareholder structure of Con Cung, two founding shareholders, Nguyen Quoc Minh and Luu Anh Tien, hold 17.3% equal shares. Asia Design Company Fund holds 19.7%, Seedcom does not hold the name but changes to the personal name of Mr. Dinh Anh Huan holds 11%, SSI-related shareholders include SSIAM and Daiwa SSIAM Vietnam Growth Fund II LP holds a total of 20% of the shares.

Source: – Translated by

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