 |
| Matahari Mall Website / TechInAsia |
On October 19, 2016, taken from TechInAsia, e-commerce MatahariMall announced that it has received funding of US $ 100 million (around Rp1.3 trillion), led by the Japanese company, Mitsui & Co. The investment will be disbursed in several phases over a period of 12 months.
Beside Mitsui, several new investors and earlier investors of MatahariMall also participated in this financing. With fresh new funds they receive, e-commerce property of the Lippo Group intend to increase their market share in the country.
Before this funding, Lippo Group is rumored to have contributed approximately US $ 500 million (around Rp6.5 trillion) to build MatahariMall at the initial appearance.
"This cooperation is an evaluation of our vision, and we hope to continue to grow to the next stage," said Hadi Wenas, MatahariMall CEO, in a press release received by Tech in Asia.
In addition to the MatahariMall, Lippo Group and Mitsui have also been working on several other technology companies, such as internet service providers Bolt and pay-TV service Big TV. Especially for their investment in MatahariMall, Mitsui is expected to provide assistance in the field of technology and logistics to support the growth of e-commerce.
Mitsui themselves are investors who have sufficient experience in e-commerce business. Prior to this, they also have provided funding to the famous Japanese marketplace which has got the status of a unicorn, which Mercari.
"We have confidence, especially in e-commerce opportunities in Indonesia. We have been following the development of MatahariMall so rapidly since its foundation, and are pleased to be investing in this company, "said Nobuaki Kitamori, COO of Mitsui.
With this funding, MatahariMall as get additional ammunition to compete with other B2C e-commerce as Lazada, which was recently acquired by Alibaba.
Comments
Post a Comment