MATAHARI

Tangerang, Indonesia Founded: 2006 • Age: 20 yrs Acquired By CVC
Online retailer of multi-category products
Annual revenue $396.8M Latest available
Total funding $600.0M 2 rounds
Employees - Tracked headcount
Investors 3 Known backers
Products 4 Services tracked
Competitors 8 Brand Intelligence

About MATAHARI

MATAHARI is a company based in Tangerang (Indonesia) founded in 2006 was acquired by CVC in April 2010. MATAHARI has raised $600 million across 2 funding rounds from investors including Mitsui & Co, CVC and Lippo Karawaci. MATAHARI offers products and services including Clothing, Accessories, Beauty Products, and Shoes. MATAHARI operates in a competitive market with competitors including Lazada, Tokopedia, Blibli.com, Bizzy and Ruparupa, among others.

  • Headquarter Tangerang, Indonesia
  • Sectors
    Retail
  • Email
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  • Phone
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  • Website
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  • Social
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Operational Areas
Retail → E-Commerce Platforms & Marketplaces Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $396.8 M (USD)
    -2.14
    as on Dec 31, 2024
  • Net Profit
    $51.31 M (USD)
    22.55
    as on Dec 31, 2024
  • EBITDA
    $125.86 M (USD)
    1.58
    as on Dec 31, 2024
  • Total Equity Funding
    $600 M (USD)

    in 2 rounds

  • Latest Funding Round
    $100 M (USD), Series E

    Oct 19, 2016

  • Investors
  • Employee Count
    Not available
  • Acquired by
    CVC

    (Apr 06, 2010)

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Products & Services of MATAHARI

MATAHARI offers a comprehensive portfolio of products and services, including Clothing, Accessories, Beauty Products, and Shoes.

Product name locked
Category locked
Primary

Apparel items for men, women, and children with various styles.

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Items like bags, watches, and jewelry for daily use.

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Makeup, skincare, and fragrances for personal grooming.

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Range of sneakers, sandals, and boots for different activities.

People of MATAHARI

Headcount 10000+
Employee Profiles 11
Employee Profiles
People
Monish M. Mansukhani
Chief Executive Officer
People
Endy Prasetyo Utomo
Organizational Development
People
Siuliana Liang
Import Operation Controller
People
Aris Putra
Human Resources Supervisor

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Funding Insights of MATAHARI

MATAHARI has successfully raised a total of $600M across 2 strategic funding rounds. The most recent funding activity was a Series E round of $100 million completed in October 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in MATAHARI

MATAHARI has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Mitsui & Co, CVC and Lippo Karawaci.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
Mezzanine financing and equity investments are provided by CVC.
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Traditional conglomerate services are provided across multiple sectors by Mitsui.
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Lippo Karawaci is engaged in real estate and healthcare sectors.
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Investor details for MATAHARI

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Investments & Acquisitions by MATAHARI

Investments
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Investment portfolio details for MATAHARI

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  • Transaction dates
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Financial Statements - MATAHARI

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Detailed financials for MATAHARI

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Matahari Comparisons

MATAHARI Primary company
Description
Online retailer of multi-category products
Location
Tangerang, Indonesia
Founded Year
2006
Annual Revenue
$396.8 M (USD)
Net Profit
$51.31 M (USD)
EBITDA
$125.86 M (USD)
Employees
Not available
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Peer comparison for MATAHARI

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Competitors of MATAHARI

MATAHARI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lazada, Tokopedia, Blibli.com, Bizzy and Ruparupa, among others.

Company Name Domain Founded year HQ Location Description
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Multi-category products are sold via an online marketplace platform.
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Multi-category products are facilitated through an online marketplace platform.
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Multi-category products are offered via an online marketplace platform.
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An online marketplace for office supplies and inventory is operated.
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Functions as an online marketplace featuring multi-category products for diverse consumer needs.
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Detailed competitors of MATAHARI

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Latest news on Matahari

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Complete news archive for MATAHARI

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Frequently Asked Questions about MATAHARI

MATAHARI was founded in 2006 and raised its 1st funding round 9 years after it was founded.

MATAHARI is headquartered in Tangerang, Indonesia. It is registered at Tangerang, Banten, Indonesia.

MATAHARI is a funded company, having raised a total of $600M across 2 funding rounds to date.

Annual revenue of MATAHARI is $396.8M as on Dec 31, 2024.

Matahari was established in 2006 in Tangerang, Indonesia, as an online retailer in the e-commerce sector. A diverse product catalog is maintained, encompassing kitchen and dining items, bathroom equipment, home and decor products, bedroom essentials, electronic goods, and clothing with accessories for men, women, and children. Brands such as Ballin, Be-Bob, and Chanira are included among the offerings.

MATAHARI's top competitors include Lazada, Tokopedia and Blibli.com.

MATAHARI offers Clothing, Accessories, Beauty Products, and Shoes.

MATAHARI has 3 investors. Key investors include Mitsui & Co, CVC, and Lippo Karawaci.

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