Tiki received a total of $258-million investment in its Series E round
Tiki successfully received a total of $258 million from the Series E funding round. This is one of the largest investment rounds in Vietnam. AIA led this round, along with Mirae Asset, Naver Asia Growth Fund, Taiwan Mobile, etc.
eJOY received an investment of hundreds of thousands of dollars
eJOY announced the completion of its seed round of hundreds of thousands of dollars. This funding round was led by ThinkZone Ventures. This funding round also has the participation of BK Fund.
VIFO is the only Vietnamese startup in Accelerating Asia’s fifth cohort
Accelerating Asia is an early stage venture capital fund based in Singapore. This fund announced 9 Pre-series A startups that entered its $20-million investment round. VIFO is the only Vietnamese startup in this group. This insurtech startup offers coverage to everyone. This startup will consolidate insurance companies, agents, customers, services into a single SaaS. Currently, more than 17 insurance companies have 1,600 products listed on the VIFO platform. VIFO is also a startup in the Top 13 of SK Startup Fellowship 2021.
CloudEats received a $5-million investment backed by Alibaba
ClCloudEats is a Philippine cloud kitchen startup. This startup raised $5 million in the new round of funding. CloudEats will scale its proprietary smart kitchen technology. This startup will open up new markets across Southeast Asia, developing the Burger Beast brand. CloudEats will start operating in Vietnam from November 2021. This startup will also expand further in the Philippines. CloudEats has established an international advisory board including CEOs and ex-CEOs of Monde Nissin, McDonald’s, and Starbucks in Europe.
Masan MEATLife formed a strategic partnership with De Heus
Masan Group announced a strategic partnership with De Heus Vietnam. De Heus will take over the feed business. This company will invest $600-700 million in the supply chain of animal protein in Vietnam. This promising partnership can accelerate the modernisation of the animal protein value chain. This will increase the productivity and quality of the sustainable 3F integrated supply chain model.
Sources of information include DealstreetAsia, e27, and TechInAsia.