Tokopedia’s Two Founders Own Less than 8 Percent of Shares

Tokopedia has reportedly raised $1 billion fresh funding that boosts the company’s valuation to $7 billion. To date, KrAsia obtains the information details, the investment is said to be led by BKPM, regarding shareholders and commissioners of the marketplace founded by William Tanuwijaya and Leontinus Alpha Edison. In a moment, both are said to own less than 8% of its shares.

There is some difference about funding information to the public and in the report. However, the table showed “authority division” of the company.

Of the many investors involved in this investment, Softbank and Alibaba become the two biggest investors. Among all rounds and funds get into Tokopedia’s pocket, Softbank in total (including its affiliations) has more than 38% shares. Alibaba, through Taobao, placed as the second biggest investor with 25%.

The domination of two is way too different compared with Gojek shareholders composition with no parties having more than 10% of its shares.

In the report, William Tanuwijaya, Tokopedia’s Co-Founder and CEO is said to own 5.6% shares, while the Co-Founder and Vice Chairman Leontinus Alpha Edison has 2.3%. In total, they have only 7.9% shares.

Board of commissioners

In addition to both co-founders, William Tanuwijaya and Leontinus Alpha Edison, the other commissioner members of Tokopedia are Eun Woo Lee (SoftBank), Lydia Bly Jett (SoftBank), Shailendra Singh (Sequoia Capital India), Wong Ka Kit, dan Joseph Tsai (Co-Founder dan Vice Chairman Alibaba Group).

The board is led by Kabir Misra, previously worked as Managing Partner of Softbank Capital. This year, even though he left Softbank Capital and build his own startup fund — worth of $250 million, Misra is said to continue his role as Tokopedia’s Head of Commissioner.

Tokopedia is one of nine unicorns receiving the largest funding in Southeast Asia, according to reports published by Google and Temasek this year.


Original article is in Indonesian, translated by Kristin Siagian

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Dua Pendiri Tokopedia Secara Total Disebut Miliki Kurang Dari 8 Persen Saham

Tokopedia baru saja dikabarkan mendapatkan pendanaan baru $1 miliar yang melambungkan valuasi perusahaan menjadi $7 miliar. Kali ini, KrAsia memperoleh detail informasi, yang disebut bersumber dari BKPM, tentang jajaran pemilik saham dan anggota Komisaris layanan marketplace yang didirikan oleh William Tanuwijaya dan Leontinus Alpha Edison ini. Secara bersama, keduanya disebut memegang kurang dari 8% saham perusahaan.

Ada sejumlah perbedaan informasi pendanaan yang diungkapkan ke publik dan di laporan ini. Meskipun demikian, tabel yang dimuat di situ mengungkapkan “pembagian kekuasaan” perusahaan.

Dari sekian banyak investor yang menanamkan investasinya, Softbank dan Alibaba menjadi dua investor dengan persentase investasi terbesar. Dari sekian putaran dan sekian fund yang masuk ke Tokopedia, Softbank secara total (termasuk melalui afiliasinya) memiliki lebih dari 38% saham perusahaan. Alibaba, melalui Taobao, menjadi investor terbesar kedua dengan kepemilikan 25%.

Dominasi keduanya sangat berbeda jauh jika dibandingkan dengan komposisi kepemilikan Gojek yang bisa dibilang tidak ada pihak yang memiliki lebih dari 10% saham.

Co-Founder dan CEO Tokopedia William Tanuwijaya dalam laporan itu disebut memiliki 5,6% saham, sementara Co-Founder dan Vice Chairman Leontinus Alpha Edison memiliki 2,3% saham. Secara total saham keduanya adalah 7,9%.

Anggota dewan komisaris

Selain dua orang co-founder, William Tanuwijaya dan Leontinus Alpha Edison, anggota dewan komisaris Tokopedia lainnya adalah Eun Woo Lee (SoftBank), Lydia Bly Jett (SoftBank), Shailendra Singh (Sequoia Capital India), Wong Ka Kit, dan Joseph Tsai (Co-Founder dan Vice Chairman Alibaba Group).

Dewan ini diketuai oleh Kabir Misra yang sebelumnya adalah Managing Partner Softbank Capital. Meskipun tahun ini Misra meninggalkan Softbank Capital dan mendirikan startup fund-nya sendiri senilai $250 juta, disebutkan ia tetap mempertahankan perannnya sebagai Presiden Komisaris Tokopedia.

Tokopedia adalah satu dari sembilan unicorn yang menerima pendanaan terbesar di Asia Tenggara, menurut laporan yang diterbitkan Google dan Temasek tahun ini.

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