Tokopedia

Indonesian e-commerce company Tokopedia and the country’s largest online marketplace is reportedly now valued at $7 billion after a $1 billion round raised from existing investors including Softbank. The report comes from Bloomberg citing people familiar with the matter.

A $7 billion valuation will shoot Tokopedia to become Indonesia’s most valuable startup in a country that counts 3 other unicorns – Bukalapak, Go-Jek and Traveloka. The company has raised around $1.3 billion prior to this reported round from investors including Alibaba, Sequoia, East Ventures, Beenos Ventures and also Softbank.

Tokopedia

It’s unclear if Softbank’s participation in this reported round came from the company itself or through the Vision Fund although earlier this year, It transferred prior holdings in Tokopedia to the fund. Founded in 2009, Tokopedia has grown to be the leading e-commerce player in Indonesia benefiting from high growth in the country’s digital economy predicted to be worth $53 billion by 2025 according to a recent report from Google and Temasek.

Tokopedia hasn’t yet confirmed this reported investment with no official statement put out as of current.

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