E-commerce site Tiki nabs new funding

Received funding

Tiki, an e-commerce site hailed as the Amazon of Vietnam, has received an undisclosed amount of funding thought to be between USD1m and USD2m from Sumitomo Corporation.

Tiki, which launched in 2010, offers more than 35,000 products from categories such as books, gifts, stationary and fashion. Tiki has claimed that it now ships more than 20,000 items per month. In return for the funding Sumitomo acquired a 30% stake in Tiki.

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