Indonesia's e-commerce unicorn Tokopedia in talks to raise up to $1.5b

Indonesia's e-commerce unicorn Tokopedia in talks to raise up to $1.5b

Founder and CEO of Indonesian e-commerce firm Tokopedia, William Tanuwijaya, gestures as he talks during an interview at Tokopedia headquarters in Jakarta, Indonesia, July 25, 2019. REUTERS/Willy Kurniawan

PT Tokopedia, the online marketplace backed by the SoftBank Vision Fund and Alibaba Group Holding Ltd., is in talks to raise as much as $1.5 billion for a final private funding round before an initial public offering, according to people familiar with the matter.

U.S. internet companies as well as existing investors are considering contributing to the round, which could bring in $1 billion to $1.5 billion in the first quarter of 2020, according to the people, who asked not to be identified because the discussions are private. No final decisions have been made and the value of the round could change, they said.

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