Vietnam-based edtech startup sells adult learning platform to Navigos Group

Venture capital-backed Vietnamese edtech startup Dream Viet Education has sold majority stakes in two of its learning platforms, Kyna.vn and KynaBiz.vn, to HR service firm Navigos Group, the companies said in a joint announcement.

Financial details of the deal were not disclosed.

Kyna.vn is an online learning platform for adults while KynaBiz.vn targets the business segment. Dream Viet Education will transfer the online learning platform, including the operating system and the existing resources on Kyna.vn and Kynabiz.vn, to Navigos Group, the companies said.

Upon completion of the investment, Dream Viet Education will focus on its platform for children that provides online English tutoring and online video content. The company claims that its programme has reached over 200,000 children nationwide.

Dream Viet Education co-founder Nguyen Thanh Minh will assume the role of CEO at the Kyna.vn and Kynabiz.vn division of Navigos Group. While the HR firm will manage the e-learning business, Dream Viet Education will provide advisory support during the transfer.

The acquisition will help Navigos fulfill its goal of becoming a human resource centric ecosystem in Vietnam, said Gaku Echizenya, CEO of Navigos.

The startup raised a seed funding round from Japanese investor Cyberagent Capital in 2016. Earlier this year, Cyberagent Capital along with SEAF Women’s Opportunity Fund injected another additional capital into Dream Viet Education, which is said to have helped the company develop the platform for children.

Navigos, known as the operator of Vietnam’s largest recruitment website Vietnamworks.com, was acquired by Tokyo-based HR firm en-japan in 2013. The firm was founded by Jonah Levey, a well-known angel investor in Vietnam.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.