Tokopedia Receives Funding From Netprice
Last year, Tokopedia received investment from CyberAgent Ventures. And today, we just learned that it has received a new round of investment from Netprice.com, Ltd. Investment details are undisclosed. The investment will also see Teruhide Sato, president and group CEO of Netprice, joining Tokopedia as a board member. Sato has 15 years of experience in e-commerce and also has been angel investing through Open Network Lab. Prior to this round, investors who have backed Tokopedia are PT. Indonusa Dwitama, East Ventures, and CyberAgent Ventures.When questioned on some of the service’s ...
Tokopedia Puts Up Impressive Numbers In Its Second Year
Tokopedia recently celebrated its second anniversary. Lucky for us, its co-founder William Tanuwijaya is willing to share some interesting facts about the company during its second year.Despite the newness of Tokopedia it has made some remarkable achievements. Not only has it become a trendsetter in Indonesia's e-commerce landscape, but it has put up some fascinating numbers for a company of its size. For example, total transactions recorded during the second year were Rp36.031 billion (US$4.2 million). That’s up significantly from last year's Rp5.954 billion (or about US$697,000). In other words, the ...
Blibli.com Leaves Beta, Adds Security Features to Attract Shoppers
Just two months after the soft launch of Blibli.com it has left beta testing and launched fully. It comes with added security features to allay the concerns of Indonesian consumers about using e-commerce sites.This new-comer in the Indonesian e-commerce battle tries to attract online customers by providing more convenient payment gateways. Not only is it supported by two of the largest banks in the country, but also protects online payment transactions with security features such as Verisign. It seems that it's one of the company’s strategies to boost online transactions on its ...
How Rakuten Plans To Gain Market Share in Indonesia [INTERVIEW]
Readers may remember us reporting the launch of Rakuten Belanja just earlier this month. With so many e-commerce sites launching and battling it out in Indonesia, we wanted to dig a little deeper into how Rakuten Belanja Online plans to gain market share in the next one or two years ahead. To that end, we interviewed Doddy B Ekaputra, Head of Marketing at Rakuten Belanja Online. You can read Doddy's thoughts below:1. Rakuten is now officially launched in Indonesia. What's next?We aim very high in this market. And we are striving to be ...
How Multiply Plans to Socialize E-commerce in Indonesia [INTERVIEW]
Multiply, the social network turned social shopping platform site was reported back in February that it had set up an office and a team to bring a different e-commerce approach to Indonesia.To understand how Multiply is approaching the e-commerce game in Indonesia, we took time to speak to Daniel Tumiwa, head of Multiply Indonesia who shared some thoughts with us in this interview.1. Multiply has been around for quite a long time now, what made it changed its focus to e-commerce?We are responding to the demands made by users. Although ...
BliBli: A New Player in Indonesian E-Commerce
The Indonesian e-commerce battle recently has a new combatant: Blibli.com, which is owned by PT Global Digital Niaga, a subsidiary of Djarum Group. The ownership of Blibli.com is also shared with BCA, one of the largest banks in Indonesia. Given its strong support, Blibli.com looks to be a serious challenger for other e-commerce sites like Plasa.com, Tokopedia.com and Bukalapak.com.Blibli has a gorgeous user interface that makes the online shopping experience more enjoyable. There are some well-known merchants selling their wares on BliBli already, such as Harley-Davidson, Philips, and Dell Stores. In total ...
Indonesia’s Tokopedia Closes Series-B Investment
Tokopedia, a leading online-mall in Indonesia with more than 9,000 active shops and 200,000 products listed, today announced its closing of a Series-B investment from CyberAgent Ventures, Inc.The amount isn’t disclosed but my friend, Serkan Toto, got the information from Japanese business daily, The Nikkei, that the deal was sealed at US$700,000 for 10 percent equity; valuing Tokopedia at $7 million.William Tanuwijaya, CEO of Tokopedia declined to comment on the funding amount. However he did confirm on the 10 percent equity."We release approximately 10% share to CyberAgent Ventures, Inc. For the ...
Indonesia: The Next Big Thing in Digital Media
If you want to know what’s going on with digital media inIndonesia, you got to check out this video created by 4 students from Singapore Management University (SMU). In a nutshell, the video explained why Indonesia is the next big thing in digital media and went on to share with us 5 big trends in the country.“The uniqueness of Indonesian culture is fitted to the nature of social media. Indonesians love connecting and with a huge population, we somehow became a huge social media nation. The video is a great ...
Indonesia’s Telecom Giant, Kreatif Bersama Launches E-Marketplace
More online marketplace… Indonesians are now spoilt for choice when it comes to buying and selling things on the web. Indonesia’s telecom giant, Kreatif Bersama, has announced Bejubel.com, a new online marketplace where buyers and sellers meet.With huge budget, Kreatif Bersame has equipped Bejubel with several unique features including SMS notifications, private messaging and social promotions. Bejubel is also available on multiple platforms such as Facebook, Twitter and iPhone as an app. It will also roll out its BlackBerry and Android mobile app soon."This is a great product far superior ...
Multiply to launch office in Indonesia
Multiply is set to open its Jakarta office in March with about 35 employees. Daniel Tumiwa who had experience with Djarum and Universal Music will lead the Indonesian office.U.S-based Multiply started out as a social networking site in 2004. However, facing intense competition from Facebook and MySpace had caused Multiply to change its direction. Today, it is branded as a social shopping platform. Multiply has about 12 million users and 125,000 stores under its belt. It is also hugely popular in Asia, especially in Philippines, Indonesia and Thailand.Multiply.com is the ...
The Story and Strategy behind Tokopedia
Tokopedia, the popular Indonesian e-marketplace is one of the most promising start-ups in Asia. In its initial two years, the start-up failed to receive funding from investors. But that didn't deter William Tanuwijaya and his team. They kept faith in the idea. It was only until February 2009 that Tokopedia received its first funding from PT Indonusa Dwitama, and in the following August, their website was launched. Tokopedia grew and attracted more investors’ interest. On March 2010, William and team got their second funding from Singapore-based Venture Capital firm, East Ventures. Their ...
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