Bach Hoa Xanh Revenue, Valuation, Funding & Investors

Bach Hoa Xanh is valued at $1.4B as of April 2024, a 0.9x multiple on its last reported $1.6B revenue.

Last Bach Hoa Xanh valuation

$1.4B

Secondary · Apr 2024

Bach Hoa Xanh revenue

$1.6B

Secondary · Apr 2024

Key investors in Bach Hoa Xanh

  • CDH Investments

Bach Hoa Xanh Overview

About Bach Hoa Xanh

Bach Hoa Xanh is a Vietnamese chain of minimarts specializing in fresh produce and household necessities. Operating over 2,000 stores nationwide since its launch in 2015, the Ho Chi Minh City-headquartered retailer sources directly from farms to ensure quality vegetables, fruits, meats, and daily essentials. Bach Hoa Xanh caters to urban and suburban consumers with affordable pricing and convenient locations.


Founded

2010

HQ

VietnamHo Chi Minh City

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Revenue

$1.6B (Apr 2024)

Valuation

$1.4B (Apr 2024)

Bach Hoa Xanh Valuation

Bach Hoa Xanh is currently valued at $1.4B, based on its secondary sale in April 2024.

The $72M round was led by CDH Investments.

Bach Hoa Xanh valuation by funding round

Bach Hoa Xanh valuation by funding round
DateStageValuationRevenue Multiple
Apr 2024Secondary$1.4B0.9x

Bach Hoa Xanh Revenue

Bach Hoa Xanh's latest recorded revenue is $1.6B, as of its secondary sale in April 2024. At a $1.4B valuation, that implies a 0.9x revenue multiple.

Bach Hoa Xanh revenue by funding round

Bach Hoa Xanh revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Apr 2024$1.6B$1.4B0.9xSecondary

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Bach Hoa Xanh Funding History

Bach Hoa Xanh has 1 recorded secondary share sale and no primary funding rounds.

Bach Hoa Xanh funding rounds

Bach Hoa Xanh funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2024SecondaryCDH Investments (lead)$72M$1.4BBach Hoa Xanh is a Vietnamese grocery chain specializing in fresh food, vegetables, and daily essentials, operating around 1,700 stores across southern and south-central Vietnam. It is a subsidiary of Mobile World Group (MWG), Vietnam's largest retail group by market value, launched in 2015. In April 2024, CDH Investments acquired a 5% stake in Bach Hoa Xanh Technology and Investment JSC, the entity running the chain, for VND1.8 trillion ($72.17 million), implying a total valuation of $1.44 billion. Mobile World remains the controlling shareholder, with CDH as a minority investor providing support for expansion without operational control. The transaction followed advanced talks reported in February 2024 valuing the chain at up to $1.7 billion. Initially, Bach Hoa Xanh planned to sell up to 20% of its capital, but due to healthy cash flow and expected profitability in 2024, it sold only 5%. CDH, a Beijing-based firm managing over $27 billion in assets, views Vietnam as a priority market, highlighting Bach Hoa Xanh's position to capture demand for modern retail over traditional wet markets. The deal boosted MWG's share price by 5.6% to 52,800 VND on April 9, 2024. Proceeds from the investment finance operations and growth for Bach Hoa Xanh and its trading unit. This marks CDH's second partnership with Mobile World, having previously exited an investment over a decade ago.

Who has invested in Bach Hoa Xanh?

1 investor has backed Bach Hoa Xanh across its funding rounds, including CDH Investments.

Lead investors include CDH Investments.


Bach Hoa Xanh Investors

Investors in Bach Hoa Xanh by funding rounds participated
InvestorHQRoundsRoleFirst check

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Bach Hoa Xanh Competitors

Bach Hoa Xanh competitors include listed companies like E-MART, Bin Dawood, Life Corporation and Rami Levi Chain Stores, and private ones like VinCommerce and Yipin Fresh.

Public and private companies comparable to Bach Hoa Xanh
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
E-MARTSouth KoreaSouth KoreaPublicly listed$21B$1.6B$1.4B0.5x
Bin DawoodSaudi ArabiaSaudi ArabiaPublicly listed$1.7B$249M$1.4B1.3x
Life CorporationJapanJapanPublicly listed$5.7B$269M$1.5B0.3x
Rami Levi Chain StoresIsraelIsraelPublicly listed$2.6B$223M$1.6B-
VinCommerceVietnamHanoiPrivate--$2.5B-
Yipin FreshChinaNananPrivate--$3B-

Bach Hoa Xanh Public Comps

Bach Hoa Xanh is still privately-owned, but its public comps include E-MART, Bin Dawood, Life Corporation, Rami Levi Chain Stores, Ingles Markets, M. Yochananof & Sons, Rusta, Spinneys, Grocery Outlet Holding and Othaim Markets.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
E-MART$21B$1.6B0.5x0.5x6.4x8.6x
Bin Dawood$1.7B$249M1.3x1.3x9.1x9.0x
Life Corporation$5.7B$269M0.3x0.3x5.6x5.5x
Rami Levi Chain Stores$2.6B$223M0.8x-9.2x-
Ingles Markets$5.3B$253M0.3x-6.5x-
M. Yochananof & Sons$1.6B$185M1.3x-11.7x-
Rusta$1.3B$200M1.3x1.3x8.6x7.9x
Spinneys$993M$198M1.3x1.2x6.5x6.3x

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Common questions about Bach Hoa Xanh

When was Bach Hoa Xanh founded?Bach Hoa Xanh was founded in 2010.
Where is Bach Hoa Xanh headquartered?Bach Hoa Xanh is headquartered in Ho Chi Minh City, Vietnam.
Is Bach Hoa Xanh publicly listed?No, Bach Hoa Xanh is a private, VC-backed company.
What is Bach Hoa Xanh's valuation?Bach Hoa Xanh was last valued at $1.4B in its secondary sale in April 2024.
Who are Bach Hoa Xanh's investors?Bach Hoa Xanh's investors include CDH Investments.
What is Bach Hoa Xanh's revenue?Bach Hoa Xanh's latest recorded revenue is $1.6B (April 2024).
What is Bach Hoa Xanh's revenue multiple?Bach Hoa Xanh's latest valuation implies a 0.9x revenue multiple ($1.4B valuation on $1.6B of revenue).
Which companies are comparable to Bach Hoa Xanh?Companies comparable to Bach Hoa Xanh include E-MART, Bin Dawood, Life Corporation, Rami Levi Chain Stores, VinCommerce and Yipin Fresh.

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