Private equity group Northstar has reportedly led a $130m round for the e-commerce marketplace, which counts JD.com, Sumitomo, CyberAgent and VNG as investors.
Tiki, a Vietnam-based online marketplace backed by corporates CyberAgent, JD.com, Sumitomo and VNG, has raised $130m in funding, DealStreetAsia reported today, citing people privy to the matter.
The round is reportedly being led by private equity firm Northstar Group and included undisclosed existing backers along with an unnamed Asian private investor. It may be extended to $150m if additional investors express interest in participating.
Founded in 2010, Tiki operates an e-commerce platform primarily targeting consumers in urban areas of Vietnam…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
