The IPO could possibly be via a merger with a blank-check company, though no decision has been made, he said. by 2025, now intends to do so as early as a year’s time, Son said. The startup, which initially planned to list in the U.S. Previous investors include Sumitomo Corp., JD.com and Northstar Group, according to the company. Tiki has emerged as one of Vietnam’s largest homegrown e-commerce companies, with operations countrywide and about 4,000 employees. “This shows the belief of the global capital markets in Vietnam’s growth and potential,” said Son, who founded the company in 2010 by delivering English books on his motorbike. The new funding brings the company’s valuation to close to $1 billion, he said. Investors involved in the Series E round also included UBS AG London Branch, Mirae Asset-Naver Asia Growth Fund and Taiwan Mobile Co., and existing backer STIC GIGF Ltd., Tiki founder and Chief Executive Officer Tran Ngoc Thai Son said in an interview. ‘Airbnb Queen’ Says She’s Caught Up in Platform’s New York Feud Who Will Pay?ĬOP26 Protests: Inflatable Cows, Megaphones and a Rainbow The Rising Pacific Forces a Native Village to Move. What It Means to Design a Space for ‘Care’ as the e-commerce startup looks to expand into life insurance and plans a U.S. (Bloomberg) - Vietnam’s Tiki raised $258 million in a funding round led by AIA Insurance Inc.

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