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There are extra similarities than differences in these unicorns. James Slavet at Greylock Partners believes that the trail to a billion dollars is to mannequin a digital transaction business — a company that connects buyers and sellers so they can more efficiently transact.” These unicorns deal with by way of their platforms core way of life wants, comparable to e-commerce and leisure.
Tokopedia is Indonesia’s prime C2C market that lets people and SMBs homeowners open and maintain their online stores for free. It operates on a freemium model, where paying retailer house owners get additional features corresponding to consumer control and the flexibility so as to add/promote an even bigger range of products. It was East Ventures’ first funding and Sequoia Capital’s first funding in Southeast Asia.