The $136m latest tranche of the e-commerce group’s series E round included Concord Fortune Group, adding to an AIA-backed first close.

Vietnam-based, corporate-backed e-commerce platform Tiki has increased a series E round featuring conglomerate Concord Fortune Group to $256m, DealStreetAsia reported today, citing a regulatory filing.

Investment banking group UBS Group provided about $40m for the $136m extension while investment firm Mirae Asset invested roughly $27m through funds including Mirae Asset-Naver Asia Growth Fund, which it co-runs with internet group Naver.

Mirae Asset-Naver Asia Growth Fund itself supplied $20m, and the tranche was filled out by Naga Global Opportunities Master Fund,…

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Edison Fu

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