JAKARTA -- Indonesian e-commerce unicorn Tokopedia has secured around $500 million from Singapore's state investment agency Temasek as part of the startup's latest funding round, DealStreetAsia has learned.
The country's largest online marketplace is currently in talks with existing investors including Softbank Vision Fund and Alibaba Group Holding, as well as U.S. internet companies as part of this round, and plans to raise an additional $500 million to $1 billion, an executive said. Another executive added that that the deal with Temasek had given Tokopedia a pre-money valuation of about $7.5 billion.
