MatahariMall will use the money to improve its presence in Indonesia
The Indonesian ecommerce marketplace site MatahariMall.com has raised 100 million US dollars in funding. The new funds will reportedly go towards boosting the company’s market share in the country, by putting further focus on taking advantage of the recent surge in Indonesian mobile usage. Allowing more people to access online shopping in the country, the incredible increase in smartphone usage means Indonesia is expected to increase its number on internet users faster than any other nation on Earth until 2020. This is thought to be the reason behind MatahariMall’s recent funding success, which was led by Mitsui Investments. Following Mitsui’s other recent investment in the Japanese ecommerce site, Mercari, MatahariMall.com said that the investment group’s “expertise and track record in technology and logistics will help boost the company’s growth plans”.
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