Vietnam start-up investment rises 42%Up to US$291 million was poured into Vietnamese start-ups last year, a year-on-year increase of 42 per cent, according to a recent report by Topica Founder Institute (TFI). Among investors, 500 Startups led in successful investment deals, with 11 acquisitions, followed by ESP Capital, a new homegrown venture capital firm. Specifically, there are 21 e-commerce investment deals conducted with a total value of $83 million last year. In particular, Tiki has received a Series C investment up to $54 million from investors JD.com and STC Investment. Meanwhile, Sea, which is well-known for managing and operating popular games, is taking over two Vietnamese start-ups in this field.

Source: VietNamNet News March 03, 2018 01:52 UTC