SoftBank leads $100m round for Tokopedia

Oct 24, 2014 • Joanne Faulkner

Online marketplace Tokopedia has secured $100m in funding from Softbank's internet and media subsidiary and its SB Pan Asia Fund.

Indonesia-based e-commerce marketplace Tokopedia has received a $100m investment led by Softbank Internet and Media, a newly formed subsidiary of telecommunications firm SoftBank.

SB Pan Asia Fund, another of SoftBank’s corporate venturing subsidiaries, also participated in the round, as did venture capital firm Sequoia Capital.

Tokopedia is also backed by CyberAgent Ventures, the corporate venturing unit of Japan-based internet group CyberAgent, which invested in the company in 2011 and 2013, internet company Netprice.com, financial services firm SBI and venture capital…

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