ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
DealStreetAsia

Indonesia unicorn Tokopedia secures $500m from Temasek

E-commerce company plans to raise a further $500m-$1bn

Indonesian e-commerce unicorn Tokopedia, founded and headed by CEO William Tanuwijaya, has secured about $500 million from Singapore's state investor Temasek.   © Reuters

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more