Tokopedia Closes Series-B Investment from CyberAgent Ventures, Inc
Jakarta, 19 April 2011
Tokopedia, a leading online-mall in Indonesia with more than 9,000 active shops and 200,000 products listed, today announced its closing of a Series-B investment from CyberAgent Ventures, Inc.
Prior to this investment, in 2009 Tokopedia received funding from PT Indonusa Dwitama, and in 2010 from East Ventures.
Tokopedia is the first company in Indonesia that has successfully managed to be part of CyberAgent Ventures’ portfolio. “We can see the Indonesian market is highly potential that we plan to establish our new office here, so we can aggressively expand our venture investment business.” Nobuaki Kitagawa, Director of Overseas Investment from CyberAgent Ventures stated.
In 2009, CyberAgent Ventures put a similar investment into the now-largest online shopping provider in Vietnam, Vatgia.com.
“We’re confident that we can maintain our growth-trend in this new round,” says William Tanuwijaya, CEO of Tokopedia, “We may as well learn from their experiences in the internet and e-commerce market in Asia.”
Pursuant to the agreement, both co-founders of Tokopedia, Leontinus Alpha Edison and William Tanuwijaya, will continue to lead and maintain full operational responsibility of Tokopedia. Representatives from PT Indonusa Dwitama and East Ventures continue to be present in the Board of Directors and Board of Commisioners of Tokopedia.
PT. Tokopedia was founded in February 2009 and subsequently launched tokopedia.com on 17 August 2009. Tokopedia aims to provide business opportunities for individuals and SMEs in Indonesia to establish their online stores conveniently and to ensure a comfortable and secure online transaction.
About CyberAgent Ventures, Inc
CyberAgent Ventures, Inc is a venture capital business arm of CyberAgent, Inc., focusing on the internet/mobile sector that has invested in more than 60 start-ups in Japan, China and Vietnam, with 13 among them has successfully exited the investment.
About CyberAgent, Inc
CyberAgent, Inc is an internet media conglomerate and the largest internet Ad Agency in Japan.