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Aditya Hadi Pratama · · 1 min readVietnamese ecommerce firm Tiki raises $20m from Taiwan Mobile
“Taiwan Mobile announced it has invested US$20 million in a series E round of funding for Vietnamese ecommerce company Tiki,” Taipei Times reported.
Details:
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The round, which is Taiwan Mobile’s first investment in Vietnam, will help Tiki and the telco’s ecommerce platform, Momo, explore potential partnerships and new growth opportunities beyond Vietnam.
- DealStreetAsia reported on July that Tiki secured the first close of its series E round worth around US$100 million. However, Tiki declined to comment on the matter.
Dive deeper:
- Last year, Tiki raised around US$130 million in funding from private equity firm Northstar Group. (Read: How a potential merger can shake up Vietnam’s $23b ecommerce market)
- Founded in 2010, local player Tiki was surpassed by regional ecommerce firm Shopee in around 2019. (Read: Why Shopee and Lazada dominate local players – but not Tokopedia)
Editing by Miguel Cordon and Jaclyn Tiu
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