Tokopedia, an Indonesia-based e-commerce marketplace backed by internet company CyberAgent and telecommunications firm Softbank, has raised $147m in funding from undisclosed investors, Tech in Asia reported on Friday.
Tokopedia would neither confirm nor deny the cash injection when contacted by Tech in Asia, which cited “multiple trusted sources” in its report, while Softbank denied to comment.
Founded in 2009, Tokopedia’s platform enables individual sellers and small and medium-sized enterprises to set up and run their own online stores for free. It covers some 7.5 million transactions each month.
Softbank subsidiary SoftBank Internet and Media led a $100m funding round for Tokopedia in 2014 that also featured one of the telecoms firm’s corporate venturing units, SB Pan Asia Fund, and venture capital firm Sequoia Capital.
Softbank Ventures Korea, another SoftBank subsidiary, led a 2013 round of undisclosed size for the company that included participation from CyberAgent’s investment vehicle, CyberAgent Ventures, and VC firm East Ventures.
Internet company Beenos invested an undisclosed sum in 2012, after CyberAgent Ventures had provided $700,000 in series B funding in 2011, following East Ventures’ decision to provide an undisclosed amount in 2010. Holding group Indonusa Dwitama had supplied seed funding for the company in 2009.