Vietnamese startups receive $291m funding in 2017 led by handful of big deals

Vietnamese startups receive $291m funding in 2017 led by handful of big deals

REUTERS/Kham

Vietnamese startups raised $290 million in 2017, 42 per cent higher than $205 million last year, on the back of a couple of bigger ticket-sized deals including investments into gourmet media platform Foody Corporation and e-commerce player Tiki, according to data collated by Hanoi-based edtech group and accelerator Topica Founder Institute (TFI).

The volume of transactions also doubled to 92 from 50 of 2016, according to the report. Notably, funding into Vietnamese gourmet media platform Foody Corporation and e-commerce player Tiki accounted for nearly half of the total value at $118 million.

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