Vietnam-based edtech startup Dream Viet Education has sold a majority stake in its online learning platforms Kyna.vn and KynaBiz.vn to HR services firm Navigos Group, as per a DealStreetAsia report.
The financial details were not disclosed.
Kyna.vn caters to adults while KynaBiz.vn targets the business sector.
According to a joint statement, Dream Viet will transfer the two platforms, including the operating system and the existing resources, to Navigos, and will also provide advisory support.
Nguyen Thanh Minh will assume the role of CEO at the Kyna.vn and Kynabiz.vn division of Navigos.
Navigos CEO Gaku Echizenya said that the acquisitions signal the firm’s progress towards the goal of becoming a human resource-centric ecosystem in Vietnam.
Following the deal, Dream Viet will focus on its platform for children that provides online English tutoring and online video content which the company claims to have reached over 200,000 children nationwide.
Also Read: Vietnam-based e-learning startup Kyna.vn bags 7-digit seed funding from CyberAgent Ventures
Dream Viet Education first secured a seed funding round from Japanese investor Cyberagent Capital in 2016. Earlier this year, Cyberagent Capital joined SEAF Women’s Opportunity Fund invested in Dream Viet Education, of which the company used to develop the platform for children.
Navigos is known as the operator of Vietnam’s recruitment website Vietnamworks.com, which was acquired by Tokyo-based HR firm en-japan in 2013. The firm was founded by Jonah Levey, an angel investor in Vietnam.
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