<article>Following recent revelation of <a href="https://www.dealstreetasia.com/stories/go-jek-sharehold-111733/">Go-Jek’s internal structure and shareholders</a>, now another leaked document has shed some light on the structure of fellow Indonesian unicorn <a href="https://www.dealstreetasia.com/tag/Tokopedia/">Tokopedia</a>.</article>

Following recent revelation of <a href="https://www.dealstreetasia.com/stories/go-jek-sharehold-111733/">Go-Jek’s internal structure and shareholders</a>, now another leaked document has shed some light on the structure of fellow Indonesian unicorn <a href="https://www.dealstreetasia.com/tag/Tokopedia/">Tokopedia</a>.
The information, obtained by KrAsia from a legal document, gives an idea of the power structure within the company and also appears to confirm recent reports of a fresh $1-billion funding round raised by Tokopedia.
The document, which companies in Indonesia are obliged to file and update with local authorities, shows SoftBank as the largest contributor in Tokopedia’s latest funding round, investing over $3 million through two different funds. Other participants in the latest round include early investors Beenos, Global Opportunity PE Fund and TG18 Holdings Limited.
Overall, SoftBank holds almost 40 per cent of the total shares issued by Tokopedia through a number of different funds managed by the Japanese firm.
SoftBank’s largest individual stake in Tokopedia is held by SVF Investment Limited, which is associated with SoftBank’s Vision Fund. It holds 29 per cent of Tokopedia’s shares, considerably more than the 8.8 per cent acquired by a combination of other SoftBank funds, including SB Global Champ Fund, SB Global Star Fund and SB PAN-ASIA Fund.
Other investors with a significant amount of shares include Alibaba through Taobao China Holdings, with 25 per cent of issued shares, and Sequoia that holds 9.67 per cent through two separate funds. Meanwhile, two companies by the name of Radiant Pioneer Limited and Radiant Trinity Limited hold a total of 12.26 per cent of total shares issued.
As far as individual shareholders are concerned, co-founder and CEO William Tanuwijaya holds the largest stake at roughly 5.6 per cent, followed by fellow co-founder and vice chairman Leontinus Alpha Edison with roughly 2.3 per cent.
Unsurprisingly, both founders also head the company’s board of directors, KrAsia noted, citing the legal document. Tanuwijaya is the chairman of the board of directors, while co-founder Alpha Edison is the vice chairman.
Unlike Go-Jek, which fills its board of directors with the former colleagues or associates of CEO Nadiem Makarim, Tokopedia has high profile individuals with links to its investors in its board of directors. Among the directors at Tokopedia are Eun Woo Lee and Lydia Bly Jett, both of whom have links to SoftBank, Shailendra Singh of Sequoia Capital India, and Alibaba Group co-founder and vice-chairman Joseph Tsai.
The board of commissioners, meanwhile, is headed by former SoftBank Capital managing partner Kabir Misra.
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The document, which companies in Indonesia are obliged to file and update with local authorities, shows SoftBank as the largest contributor in Tokopedia’s latest funding round.

Legal document reveals Tokopedia structure and shareholding: Report

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Legal document reveals Tokopedia structure and shareholding: Report

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