Vietnamese e-commerce firm Tiki has bagged $20 million in funding from Taiwan Mobile as part of its Series E round.
The funding gives the Taiwanese telecom operator a 2.7% stake in Tiki Global as it seeks to gain a foothold in one of Southeast Asia’s fastest-growing markets.
The transaction, which was closed last week, values the Vietnamese firm at $740 million. According to regulatory filings accessed by DealStreetAsia, Tiki has secured $94 million in Series E funding this month alone.
