Tokopedia said to have closed $500m from Temasek as part of latest round

Photo: Tokopedia

Indonesian e-commerce unicorn Tokopedia has secured around $500 million from Singapore’s state investor Temasek as part of its latest funding round, DealStreetAsia has learnt.

The country’s largest online marketplace is currently in talks with existing investors including SoftBank Vision Fund and Alibaba Group Holding Ltd as well as US internet companies as part of this round and plans to raise an additional $500 million to $1 billion, one of the executives quoted above said.

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