Tokopedia Closes Round of Funding from CyberAgent Japan, Valued at $7 Million

As reported by Techcrunch blogger Serkan Toto, Cyber Agent Japan has made an investment to Indonesia's ecommerce platform, Tokopedia. According to Nikkei Japan, Cyber Agent made a US$ 700k investment in exchange for 10% ownership in the e-commerce site. This round puts Tokopedia in a US$ 7 million valuation, another great achievement by Tokopedia team after they book a record of IDR 5 billion value of transaction on their first birthday. Believe it or not, it's a good number considering all the hassle to buy things online in Indonesia.

This would make Tokopedia as CyberAgent's first portfolio in Indonesia. Previously CyberAgent only have portfolio companies in Japan, China and Vietnam with branch offices in Beijing, Shanghai, Shenzen, and Ho Chi Minh. CyberAgent is a Japan-based investment that has been planning to increase their investment activities throughout Asia, after last year they teamed-up with DeNA and China-based Japan Asia Investment to invest in social gaming startups.

CyberAgent is also the investment company that partner with Mixi Inc where links the connection with Batara Eto, one of the Managing Partner for East Ventures (Tokopedia's previous investor). Nevertheless, this is probably East Ventures' second big announcement although there's no detail on whether East Ventures exits a few share or diluting the founders' share.

Thanks for the tip, Serkan!