Tokopedia closes new investment round
Jakarta, Indonesia – April 04, 2012 – Tokopedia, a proudly Indonesian major online-mall with more than 16,000 active merchants today, announced its closing round of investment from netprice.com, Ltd.
Prior to this investment, Tokopedia had previously received funding from PT. Indonusa Dwitama, East Ventures, and CyberAgent Ventures.
“netprice sees strong potential in Indonesia’s e-commerce industry, and we want to create a strong base of e-commerce business in Indonesia through this investment,” stated Teruhide Sato, President and Group CEO of netprice.com, Ltd.
Teruhide Sato has been in the e-commerce industry for 15 years. Besides his passion for e-commerce, he is also active in angel investment and incubation projects around the world with his involvement in Open Network Lab.
With this investment in Tokopedia, Teruhide Sato will also join Tokopedia’s board, while both co-founders of Tokopedia, Leontinus Alpha Edison and William Tanuwijaya, will continue to lead and maintain the full operational responsibilities of Tokopedia.
“As young entrepreneurs, we love to surround ourselves with good mentors. We definitely can learn a lot from an entrepreneur-CEO with many years of e-commerce experience such as Sato-san,” stated William Tanuwijaya, CEO of Tokopedia.
With this new fund, Tokopedia expects to maintain their rapid growth, as well as to accelerate and expand their business.
posted by Sakia
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