Vietnam's e-commerce firm Tiki bags $20m in Series E round from Taiwan Mobile

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.

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