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Sunday, September 1, 2013

Breaking News - SG linked startup Viki acquired..

Viki has been acquired for 200M by Rakuten apparently. This is great news for our industry as it is the first 9 digit acquisition and not investment. I met the CEO Razmig once at a Jungle Ventures and he was a smart guy.

And best of all Viki is a classic example of a platform play that can scale globally! Hopefully of the guys who made millions, some are SG funds and SG investors/founders. Then they can set aside some $$ and brains to give back to SG eco-system.

2 comments:

  1. Would there be a case study on Viki soon in the future?

    Thanks.

    ReplyDelete
  2. Hi Jason, Viki is incorporated in Silicon Valley with the SG office Viki Pte Ltd as wholly owned subsidiary. Will take a while to dig out the numbers.

    ReplyDelete