SoftBank has further stakes through other funds as well, amounting to at least another 8.8% of the total issued shares.Īlibaba comes in via Taobao China Holdings, with shares acquired amounting to 25% of issued shares.Īnother huge chunk comes from Radiant Pioneer Limited and Radiant Trinity Limited, both registered to the same Cayman Islands address.
SVF Investment Limited (associated with SoftBank’s Vision Fund), has the largest individual percentage at 29%. Here’s an overview of the data with our percentage calculation for selected major shareholders (highlighted with colors).Ĭo-founders William Tanuwijaya (CEO) and Lenotinus Alpha Edison (vice chairman) hold roughly 5.6% and 2.3% of the total shares issued, respectively. Source: Indonesia Foreign Investment Coordinating Board (BKPM)Įarly investors include East Ventures and Beenos, but the bulk of investment comes from a number of SoftBank-related funds (almost 40%) and Alibaba (around 25%), who invests into PT Tokopedia through Taobao China Holdings. The document lists PT Tokopedia as a foreign investment company and says it has a total paid-up capital of IDR 339,171,883,000 (roughly US$23 million), with investors coming in over 6 rounds (Series A to F). The latest version of the document is from November 27, which matches up with the report of the latest round sometime in November. Companies are obliged to file and update these documents with the Indonesian authorities.
KrAsia obtained the legal document that reflects the company structure and shareholding. It’s already said to have raised US$1.1billion from Alibaba last year. The recent reports of another US$1 billion funding round for Tokopedia drew attention to one of Indonesia’s most valuable startups once again.
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