The CyberAgent, JD.com, Sumitomo and VNG-backed e-commerce marketplace has reached a first close for its series E round, ahead of a $100m second tranche expected in the next few months.

Tiki, a Vietnam-based e-commerce platform backed by corporates CyberAgent, JD.com, Sumitomo and VNG, has raised $100m in series E funding, DealStreetAsia has reported, citing people familiar with the matter.

An undisclosed strategic investor led the tranche, which represents the first close of the series E round. It included new backers and a similarly unnamed existing shareholder, the latter reportedly working on internal approval for follow-on funding.

Founded in 2010, Tiki is the operator of a business-to-customer retail marketplace which offers…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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