Correction: The previous version of this article incorrectly stated Tokopedia’s valuation is US$247 million. Actually, if the latest funding news is true, the total publicly disclosed funding will be US$247 million.
Despite a weekend coverage from Tech in Asia that Indonesian e-commerce platform Tokopedia has just raised a whopping US$147 million from undisclosed set of investors, Tokopedia CEO William Tanuwijaya said in an email to e27 that he can neither deny or confirm the veracity of the report.
Previously, the company had raised US$100 million from SoftBank, Sequoia Capital, and existing shareholder SB Pan Asia Fund.
However, if the new funding round is true, Tokopedia’s total funding raised till date would reach US$247 million, and put it in the pole position to becoming Indonesia’s first startup unicorn.
In January 2016, TechCrunch included Tokopedia in its January 2016 ‘unicorn list‘ and pointed out the company was Sequioa Capital’s first investment in Southeast Asia.
In an interview with Tanuwijaya in September 2015, the Tokopedia CEO mentioned the firm was planning to go beyond online marketplace.
“We always tell ourselves that we are not an e-commerce company, we are an Internet company. We may [have] begun with e-commerce but in the end we want to be able to empower Indonesian society through Internet,” he said.
“We cannot disclose it yet, but we definitely have exciting new verticals coming your way,” he added.
We speculate that Tokopedia’s latest investment round might just be to fund this upcoming new vertical, whatever it is.
At the time, Tokopedia has been able to grow itself from 80 to 360 employees, some of who are multinational staffers and Indonesians who had been working abroad.
By September 2015, it claimed to have reached 7.5 million transactions every month.
Tanuwijaya had recently been recognised as World Economic Forum’s 2016 Young Global Leaders.