Tiki lifts Vietnam’s growth and potential

FILE PHOTO: A Wall St. street sign is seen near the NYSE in New York

HANOI: Vietnam’s Tiki raised US$258mil (RM1.07bil) in a funding round led by AIA Insurance Inc as the e-commerce startup looks to expand into life insurance and plans a United States initial public offering (IPO).

Investors involved in the Series E round also included UBS AG London Branch, Mirae Asset-Naver Asia Growth Fund and Taiwan Mobile Co, and existing backer STIC GIGF Ltd, Tiki founder and chief executive officer Tran Ngoc Thai Son said in an interview.