Indonesian e-commerce player Tokopedia just announced that they have closed another round of funding and this time from Japan’s investment company NetPrice. They also announced that Teruhide Sato, Group CEO of NetPrice joins Tokopedia’s board seat as a part of the investment deal.
Tokopedia receives seed funding from East Ventures and later a Series A from Cyber Agent Japan before moving on with this investment deal with NetPrice although both co-founders of Tokopedia, Leontinus Alpha Edison and William Tanuwijaya, will continue to lead and maintain the full operational responsibilities of Tokopedia.
“Netprice sees strong potential in Indonesia’s e-commerce industry, and we want to create a strong base of e-commerce business in Indonesia through this investment,” stated Teruhide Sato, Group CEO of Netprice.com. With this new fund, Tokopedia expects to maintain their rapid growth, as well as to accelerate and expand their business.
For Tokopedia’s last investment round, Cyber Agent gave $7 million valuation for the company but unfortunately financial details for this round is not disclosed.
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