#Asia Did Tokopedia just raise another hundred million dollars?

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If this were true, then Tokopedia would secure its position as Indonesia’s own unicorn

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Reports have been circulating that Indonesian e-commerce platform Tokopedia had just raised another round of funding from undisclosed investors, with the value that reported to reach US$147 million.

Previously, the company’s latest funding round was a US$100 million from Softbank Internet, Sequoia Capital, and existing shareholder SB Pan Asia Fund.

With the new funding round, then Tokopedia’s valuation is expected to reach US$247 million, sealing its status as the country’s up and coming unicorn startup.

e27 has been reaching out to Tokopedia CEO William Tanuwijaya for comments.

Also Read: In photos: The grass is greener at Tokopedia’s new HQ

In an interview with Tanuwijaya in September 2015, he mentioned plans for the e-commerce platform to go beyond online marketplace.

“We always tell ourselves that we are not an e-commerce company, we are an Internet company. We may [have] begun with e-commerce but in the end we want to be able to empower Indonesian society through Internet,” he said.

“We cannot disclose it yet, but we definitely have exciting new verticals coming your way,” he added.

We speculate that Tokopedia’s latest investment round might just be to fund this upcoming new vertical, whatever it is.

Ever since its last funding, Tokopedia has been able to grow itself from 80 to 360 employees, some of them are multinational staffs and Indonesians who had been working abroad.

It also claimed to have reached 7.5 million transactions every month.

Tanuwijaya had recently been recognised as World Economic Forum’s 2016 Young Global Leaders.

The post Did Tokopedia just raise another hundred million dollars? appeared first on e27.

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