The Tokopedia and Barito Pacific-backed last-mile delivery service reportedly raised the series B funding at a $736m valuation.

Sicepat Ekspres, an Indonesia-based last-mile logistics service backed by e-commerce firm Tokopedia, has received $50m in series B funding from an investment entity called Praus Company, Tech in Asia has reported.

Praus acquired an 8.3% stake, valuing Sicepat at approximately $736m, according to DealStreetAsia, which cited regulatory filings accessed by market research provider VentureCap Insights.

Founded in 2014, Sicepat runs a mobile app that provides shipping services throughout Indonesia with flexible terms of delivery. Its clients include Tokopedia and fellow…