A Vietnamese ed-tech startup called Topica raised $50m

Vietnamese ed-tech startup, Topico, raised $50m, making it one of the largest funding rounds for a Vietnamese company to date.

November 28, 2018

Topica, one of the seasoned veterans of Vietnam’s burgeoning startup ecosystem, has closed a $50m Series D, making it one of the largest funding rounds for a Vietnamese tech company to date.

Topica was founded a decade ago and claims to have since helped more than 1m adults through its online education platform, as it covers 6 of the largest countries in Southeast Asia.

The digital economy is boomin’ in Southeast Asia

While it still has a long way to grow before filling the shoes of China and India, Southeast Asia’s digital market is certainly hot right now.

Home to a cumulative 650m people, Southeast Asia has 350m internet users across its 6 largest countries (more than the entire US population), and the region’s digital economy is on pace to reach $72B this year, up from $50B last year and $19.1B in 2015.

And the fun doesn’t stop there

Southeast Asia has recently raised its projections for the size of its internet economy from $200B by 2025 to $240B — triple its current size.

The biggest driver currently? Online travel, which accounts for $30B in revenue, just ahead of e-commerce at $23B.

Join 1.5m+ professionals getting The Hustle daily news brief

Business and tech news in 5 minutes or less

100% free, no ads or spam, unsubscribe anytime


How'd Bezos build a billion dollar empire?

In 1994, Jeff Bezos discovered a shocking stat: Internet usage grew 2,300% per year.

Data shows where markets are headed.

And that’s why we built Trends — to show you up-and-coming market opportunities about to explode. Interested?

Join us, it's free.

Look, you came to this site because you saw something cool. But here’s the deal. This site is actually a daily email that covers the important news in business, tech, and culture.

So, if you like what you’re reading, give the email a try.

If you don’t like it, unsubscribe any time. Privacy policy.