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Bloomberg

Factory Worker's Son Creates $7 Billion Startup

Factory Worker's Son Creates $7 Billion Startup

PT Tokopedia, Indonesia’s largest online marketplace, has become the country’s most valuable startup after raising $1 billion from existing investors including SoftBank, according to people familiar with the matter.

  • 21. November 2018
  • Min. Lesezeit

Bloomberg

Factory Worker's Son Creates $7 Billion Startup

“Tokopedia has emerged as a major force in recent times,” said Usman Akhtar, a Jakarta-based partner with Bain & Company. “It has made undoubted advances in scale and the fact that it is getting new and large funding suggests that some major investors see it as one of the potential leaders in future consolidated market.”

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