The online marketplace, a joint venture of SK Planet and XL Axiata, has boosted its total funding to about $110m with $50m from its founders.
Indonesia-based e-commerce company Elevenia has raised $50m in a funding round backed by online and mobile services platform SK Planet and telecommunications firm XL Axiata, Tech in Asia reported today.
Elevenia is a joint venture of XL Axiata and SK Planet, itself a subsidiary of telecoms company SK Telecom. The corporates launched the company with an initial commitment of $18.3m in 2014 and have reportedly returned several times to boost its total funding to $110m to date.
Elevenia operates an…
