The retailer has provided $15.9m for the e-commerce platform, boosting its overall investment in the company to almost $42m.

Retail group Matahari Department Stores (MDS) has invested $15.9m in Indonesia-based e-commerce marketplace MatahariMall, increasing its stake to almost 16% and its total investment to $41.8m, DealStreetAsia has reported.

MDS had previously invested $13.5m in MatahariMall, which was launched by real estate conglomerate Lippo Group in early 2015, in January 2016, before adding $12.3m in January this year, at which time it held a 12% stake. The latest funding was provided in May.

MatahariMall runs an online platform that initially…