What Indonesia‘s e-commerce unicorn says it‘s going to do with $1.1 billion in cash investment

e-commerce firm Tokopedia plans to use the billion-dollar investment it secured last year to grow its core businesses and make the company “stronger” and more “robust,” according to its associate vice president of financial technology, Samuel Sentana.

Tokopedia secured $1.1 billion from Vision Fund and e-commerce giant in December last year, A unicorn is a start-up valued at more than $1 billion.

Speaking to CNBC‘s “” at the conference in on Tuesday, Sentana said the money will be used to grow its four key businesses: financial technology and payment; logistics; online-to-offline commerce; and the marketplace and digital business.

“That $1.1 billion is going to be funded into these four core business to make the ecosystem even more stronger and robust, so that everybody can start to buy and sell everything, and can discover everything,” Sentana said.