KUALA LUMPUR, Dec 12 (Bernama) -- PT Tokopedia – Indonesia’s leading technology company – has secured US$1.1 billion in its latest financing round for further investment in technology, fulfillment, payments and financial services ecosystem. (US$1 = RM4.18)
The funding is led by the SoftBank Vision Fund and Alibaba Group with participation by Softbank Ventures Korea and other existing investors, a statement said.
Tokopedia will focus on the Indonesian market and drive economic development and financial inclusion in Indonesia. It also expects to use the funds by providing the best customer experience.
“Leading into our tenth year, Tokopedia is evolving our ecosystem to infrastructure-as-a-service where our logistics, fulfillment, payments and financial services technologies will empower commerce, both online and offline,” said Chief Executive Officer and Co-Founder of Tokopedia William Tanuwijaya.
“This will broaden Tokopedia’s scale and reach while improving operational efficiencies for the millions of businesses and partners in our ecosystem and further our mission to democratise commerce through technology in Indonesia,” he added.
Tokopedia has served 93 per cent of districts in Indonesia across 17,000 islands. The company has also quadrupled its gross merchandise value and now provides same-day delivery to 25 per cent of its customers.
-- BERNAMA
No comments:
Post a Comment