Vietnamese Livestreaming-Focused Edtech Firm Bags $1.5 Million Funding
As TPG Capital’s first undergraduate hire in Southeast Asia, Pham Duc was in the front seat when it came to technological growth in the region. At the US-based private equity fund, he analyzed investment opportunities in various sectors but finally settled on education.
“I saw the demand for private education to grow rapidly in the region and how the penetration of technology in education has reached an inflection point in countries like India and China in the past four years,” he told Tech in Asia.
As the Covid-19 pandemic became a catalyst for the adoption of online education, Duc saw an opportunity in the field and decided to switch over to the founder’s role to build a startup called Marathon. He then asked his brother-in-law, Tran Viet Tung, to join him as co-founder. The latter had been the Vietnam country head for Klook, an online travel startup, and had previous experience in establishing startups.
Photo courtesy of Siyavula Education.