Insurance provider AIA Group has led a $240m round for Vietnam-based online marketplace operator Tiki, helping take its valuation to nearly $832m, the Business Times reported today.
AIA provided $60m for the round, according to data from VentureCap Insights seen by Business Times. Mobile carrier Taiwan Mobile also took part, as did investment bank UBS’s London branch, asset manager Mirae Asset and private equity group Stic Investments.
The news came after a $136m tranche reported yesterday that took its ongoing series E round to $256m and included conglomerate Concord Fortune Group and Mirae Asset, which invested through its Mirae Asset-Naver Asia Growth Fund and Mirae Asset-Naver Asia Growth Fund, the latter co-run by internet group Naver.
UBS, Naga Global Opportunities Master Fund, Stic Investments, Victory Year Global, JH Harmonious, Sure Keen, Wealth Intelligence and Kho Hui Meng were all identified as participants in the close.
Founded in 2010, Tiki operates an e-commerce portal where users can shop varied items that have a two-hour delivery window. It had previously raised approximately $207m in funding.
Internet groups VNG Corporation and CyberAgent (the latter represented by its CyberAgent Capital subsidiary formerly called CyberAgent Ventures), e-commerce firm JD.com and diversified conglomerate Sumitomo are all among the company’s earlier backers.
Tiki’s other shareholders include AppWorks, CE Fintech Capital, EDB Investments, Korea Investment Partners, Nextrans, Northstar Group and Sparklabs Ventures.
