Ajaib, an Indonesian online stock trading platform, reached a valuation of $1 billion after raising $153 million in a financing round led by DST Global, a venture capital firm that backed Robinhood Markets Inc.
The Jakarta-based company founded by Stanford MBA classmates Anderson Sumarli, 27, and Yada Piyajomkwan, 28, took two and a half years to reach unicorn status, making it the youngest startup to hit the milestone in the country. Joining the Series B round were existing investors Ribbit Capital, IVP and ICONIQ Capital -- all of which also backed Robinhood -- along with Insignia Ventures, Alpha JWC Ventures, SoftBank Ventures and Li Ka-shing’s Horizons Ventures.
