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Vietnamese edtech Topica CEO departs for 'personal' reasons

Investors to launch new online learning platform in restructuring effort

Topica attracted funding from various investors such as Northstar and Cyberagent Capital, fueled by the growth of the education industry due to COVID.   © Reuters

Nguyen Huy Duc, who was appointed CEO of Northstar-backed Topica Edtech Group in January, has left the company, citing "personal commitments and ambitions," in a move confirmed by DealStreetAsia.

"As soon as Duc informed us that he would be leaving Topica, Northstar and the other lead investors in Topica (Openspace Ventures and Provident Capital) started leveraging our networks and we quickly identified a number of promising candidates to assume leadership at Topica," Sidharta Oetama, a managing director at Northstar and chairman of Topica, told us in an email.

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