Tokopedia Reportedly Received New Funding Of Up To 14,6 Trillion Rupiah (UPDATED)

Tokopedia is reported to have reached a valuation of $7 billion after securing additional investment in a new funding round. Reported from Bloomberg, Tokopedia managed to get funding of $1 billion (equivalent to 14,6 trillion Rupiah) from several investors. There is no detailed information on which investors are involved in this investment, however Softbank is said to be participating in it.

With this funding, it means that Tokopedia's valuation now (around $7 billion) exceeds Go-Jek's valuation (around $5 billion) and becomes the Indonesian startup with the largest valuation.

Tokopedia itself has become E-commerce which is increasingly complete in terms of service and aggressive in terms of innovation in the last three years. Funding in 2014 from Softbank and Sequoia Capital worth $100 million seems to be modal It is valuable for Tokopedia to continue to move forward, not only about money but also about public trust in the potential of digital business in Indonesia.

Tokopedia is also moving fast in terms of innovation. Within two years, Tokopedia was not only known as an online shopping application but also an application with many features, such as mutual fund investment, gold investment, payment of all types of bills, payment of PBB taxes to purchase of train tickets.

In addition, Tokopedia also performs breakthrough This is important in 2018 by cooperating with OVO to replace TokoCash which has never received a license from Bank Indonesia. In the Tokopedia system, OVO is not only an instant payment method, but also virtual money that can be used in the entire Tokopedia service ecosystem.

Potency E-commerce and the direction of further development

Everyone agrees on the service E-commerce Now it's not just about buying and selling online. This industry is growing so rapidly with various models, ranging from C2C ​​(Customer to Customer), B2C (Business to Customer), and other models until it begins to enter the realm of other industries such as financial technology services.

Industry E-commerce itself from the Google-Temasek report recently entered one of the industries with significant developments. Its business value in 2025 is predicted touch $102 billion figure. And it seems that Tokopedia is on the right track to build a service E-commerce complete with their entry into the realm of financial technology.

Some time ago DailySocial had the opportunity to talk with VP of Engineering Tokopedia Herman Wijaya. There he explained that one of Tokopedia's innovations, myBills born because Indonesia does not yet have a well-integrated financial system management. The problem is by presenting MyBills to make it easier for auto debit monthly bill payments.

With such a huge market potential, and the competition that is starting to enter the realm of service innovation, hopefully it can produce an ecosystem E-commerce that continues to grow and provide services that are able to provide concrete solutions to the needs of the people in Indonesia.

Update: Information about Tokopedia's valuation