The Vietnam-based e-commerce platform, which counts Cyberagent, VNG and Sumitomo as investors, is reportedly raising between $50m and $60m for its series D round.
Tiki, a Vietnam-based e-commerce platform backed by corporates Cyberagent, VNG and Sumitomo, is raising between $50m and $60m in series D funding, DealStreetAsia reported yesterday, citing people familiar with the matter.
Founded in 2010, Tiki initially operated chiefly as an online bookseller before diversifying into other consumer goods such as electronics and lifestyle products. It now lists more than 300,000 products for sale to consumers.
Tiki has however been making losses of late, though the company has claimed those were…