Mon Hue
A restaurant chain.
Description
A restaurant chain.
Legal Name
-
Former Legal Name(s)
-
Company Reputation
-
Entity Type
Private limited company
Ownership Status
-
Operational Status
Inactive
Founded Date
2006
Operational Duration
-
Shutdown Date
2019
Last Financing Round
-
Total Raised
-
Last Financing Date
-
No. of Funding Round(s)
-
No. of Investor(s)
-
No. of Employees
10 - 50
Total Revenue
-
Post-money Valuation
-
Market Capitalization
-
Stage of Development
Validation
Transactional Model Type
B2C
Defensibility Moats
Procedural knowledge,
City
Ho Chi Minh City
State/Province
Ho Chi Minh City
Country
Vietnam
Industry
Food & Beverages
Categories
Restaurants, Food Processing,
- Financial Difficulties
- Mon Hue closed down without notice, evidently unable to pay its debt.
- Several Mon Hue employees and suppliers have told local news media that they haven’t been paid “for months”.
- Staff, landlords and suppliers have been left unpaid. Trade suppliers are owed at least US$430,000 including a produce company whose $55,940 debt traces back three months. Others reduced their exposure by ceasing supplies but a promised instalment repayment plan by Mon Huse was allegedly not honoured.
- Fraud
- Foreign investors who poured $70 million into the Mon Hue restaurant chain are suing its parent company founder, alleging fraud.
- They said that Huy Nhat, an American-Vietnamese, has violated his managerial obligations and responsibilities by conducting unusual transactions with evidence of fraud.
- In the lawsuit, the investors said they had not approved the closing of Mon Hue outlets, which happened without an apparent business reason and cost 1,500 Vietnamese employees their jobs.
- Poor Product
- When they first started, almost all foreign tourists considered visiting Mon Hue as an indispensable part of their trips to Vietnam.
- While the restaurant volume soared year-by-year, the quality of dishes and the service became worse.
- Customers complained on Tripadvisor that they had a few bad experiences, food served cold and the service was bad.
Unable to pay its debts.
Foreign investors sued the founder.
Bad reviews about the food and the service.
Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%
| No. | Image | Name | Similarity score | Description | Industry | Categories | Location | Ownership status | Entity type | Stage of development | Transactional model type | Defensibility moats | Last financing round | Total raised | Post-money valuation | Last financing date | No. of funding round(s) | No. of investors | Investors | Total revenue | Market capitalization | No. of investments | No. of acquisitions | No. of board seats taken | Competition | Management | No. of employees | Company reputation | Contact info | Operational status | Operational duration | Shutdown date | Founded date | Legal name | Former legal name(s) | Ticker |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | New Coke | 53.0% | The unofficial name for the reformulation of Coca-Cola introduced in April 1985 by the Coca-Cola Company. | Food & Beverages | Food Distributors, Food Processing, Organisation | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 1985 | - | - | - |
1. |  | WhupWhup | 32.0% | A platform for dining in and creative collaborations. | Food & Beverages | Restaurants, Cafe, Communal Space, Events | Malaysia | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2015 | - | - | - |
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3. |  | Dinner Lab | 20.8% | A social dining experiment giving something different from the traditional restaurant experience. | Food & Beverages | Food Processing, Hospitality, Restaurants | United States | - | - | - | - | - | Early Stage | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2011 | - | - | - |
4. |  | Eatlo | 18.7% | Tasty awesome food designed and prepared by Pro-Chefs. | Food & Beverages | Foodtech, Delivery, Restaurants | India | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 100-250 | - | - | Inactive | - | - | 2014 | - | - | - |
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6. |  | Dishero | 14.7% | A startup that offered digital menu solutions for the restaurant industry. | Food & Beverages | Hospitality, Software, Restaurants | United States | - | - | - | - | - | Early Stage | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2013 | - | - | - |
7. |  | Kuvée | 14.2% | A direct to consumer wine service featuring a wine bottle that keeps wine fresh for 30 days. | Food & Beverages | Restaurants, D2C, Internet of Things | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2014 | - | - | - |
8. |  | Belimbing Superstar | 11.6% | The Peranakan-style economic rice eatery. | Food & Beverages | Restaurants | Singapore | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2019 | - | - | - |
9. |  | Orbitz | 4.7% | A non-carbonated fruit-flavored beverage product made by The Clearly Food & Beverage Company of Canada. | Food & Beverages | Food Distributors, Manufacturing, Food Processing | Canada | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Active | - | - | 1997 | - | - | - |
| No. | Image | Name | Investor type | Description | Location | Preferred investment stage(s) | Stages invested in | Assets under management (AUM) | Investment range | Investment sweet spot | Preferred investment focus | Preferred investment geography | No. of investments | No. of lead investments | No. of follow-on investments | No. of co-investments | Portfolio companies | No. of exits | Total exit value | No. of failed investments | Loss on investments | No. of acquisitions | No. of board seats taken | No. of funds | Limited partners | Co-investors | No. of partners | Partners | No. of employees | Management | Board members | Founders | Investor reputation | Contact info | Entity type | Legal name | Former legal name(s) | Founded date | Ticker |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
- |  | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| No. | Image | Name | Previous designation | Previous company | Previous biography | Previous profile type | Previous location | Experience | Education | Reputation | Current company | Current designation | Current biography | Current profile type | Current location | No. of investments | No. of exits | Total exit value | No. of board seats taken | Contact info |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | Huy Nhat | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| No. | Financing date | Financing round | Total amount raised | Post-money valuation | Financial viability | Fundraising target amount | Remaining target amount | Financing type | No. of investors | Board seats | Lead investors | Entity type | Financing status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
- | - | - | - | - | - | - | - | - | - | - | - | - | - |
