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Introduction

Intelmind^[1] is a venture studio operating in Mongolia. They founded their first start-up company called Shoppy.mn in 2017 and it became one of the most successful start-ups in Mongolia. In the past 7 years, Shoppy has managed to accumulate a little over 700,000 ^[2] registered users in a country with a population of 3 million people.

In 2018

Intelmind invested in a ride-hailing app called UBCab^[3] and started collaborating on the new version of the app. UBCab now has over 1 million active users and over 45k drivers signed up on the platform and the app operates in 15 provinces in the country.

In 2019

Intelmind founded CODY^[4] with the objective to offer e-commerce solutions to existing businesses in Mongolia. CODY system is now used by over 100 large enterprises and reaches over 1.4 million users through combined marketplaces powered by the platform.

In 2020

Intelmind invested in SEM ^[5] which is a company works on IOT solutions. Intelmind also invested in Mezorn^[6] to co-develop tech projects. In addition, Intelmind agreed to technically support Joinme.mn ^[7] which is a digital travel platform.

In 2021

Intelmind invested and co-developed Coinhub ^[8] which is a crypto exchange. In the same year, Intelmind developed and launched their C2C project called Zary.mn ^[9] to the market.

In 2022

In the celebration event of Shoppy.mn 5th year anniversary, Intelmind launched the new version of the marketplace called Shoppy 5.0.

In 2023

CODY was selected for EBRD Star Venture Program.

CODY at EBRD office receiving their certificate.

CODY was also selected for Google Silkway Accelerator Program hosted in Astana, Kazakhstan.^[10]

Astana Executives Office Visit

In 2024

Intelmind has started official partnership with Alibaba Group ^[11]and launched Shoppy HUB ^[12]to the Mongolian market. This platform enables consumers to directly order consumer products and have it delivered to their home. ^[13]

CAREC Group Photo in Hangzhou, China.
CAREC Conference Panel Discussion Event
CAREC Conference Welcome Group Photo

[1] ttps://intelmind.mn/

[2] ttps://unread.today/c/shoppymn-lockdown-management

[3] ttps://ubcab.mn/mn

[4] ttps://cody.mn/

[5] ttps://www.sem.mn/

[6] ttps://www.mezorn.com/

[7] ttps://joinme.mn/

[8] ttps://www.coinhub.mn/

[9] ttps://www.coinhub.mn/

[10] ttps://astanahub.com/en/l/silkway2024

[11] ttps://www.scmp.com/tech/big-tech/article/3261789/alibaba-seeks-growth-mongolia-new-e-commerce-platform-selling-chinese-goods-wholesale-marketplace?campaign=3261789&module=perpetual_scroll_0&pgtype=article

[12] ttps://shoppyhub.mn/en

[13] ttps://www.msn.com/en-xl/news/other/alibaba-seeks-growth-in-mongolia-with-new-e-commerce-platform-selling-chinese-goods-from-wholesale-marketplace-1688com/ar-BB1m0dfM

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