Tokopedia said to acquire double-digit stake in payment startup OVO

Photographer: Dimas Ardian/Bloomberg

Indonesian e-commerce unicorn Tokopedia has acquired a minority stake in mobile payment company OVO, according to multiple sources familiar with the deal.

One executive said that the stake purchased by Tokopedia was less than 20 per cent, and added that the e-commerce major had subscribed to fresh equity shares of the payment company.

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