Tokopedia, the operator of an ecommerce platform based in Indonesia, has raised $1 billion from SoftBank and other existing investors at a valuation of about $7 billion, per Bloomberg. Founded in 2009, the company secured $1.1 billion from Alibaba in 2017. Tokopedia's early backers include Sequoia, East Ventures and CyberAgent. It's unclear whether the new backing comes from the larger SoftBank Group or its Vision Fund. Either way, Tokopedia joins a slew of companies that received massive fundings from SoftBank this month. That includes WeWork, which received a $3 billion commitment from the Japanese tech giant, as well as Coupang, a South Korean ecommerce company that pulled in $2 billion.
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