Path's $25 Million C-Series Funding by Bakrie Group Raises Eyebrows

“While some social media users saw the news as a tentative but promising entry for Indonesian business into an industry whose roots remain firmly planted in Silicon Valley, others greeted the announcement with suspicion.”

It’s not surprising that Path’s CEO, Dave Morin, went to Indonesia looking to raise money for the social network’s third round of funding; Indonesia is the site’s “number one user,” according to Morin.

There are 4 million Path users in Indonesia — out of around 20 million users worldwide.

But the $25 million in a series C investment round funded by Bakrie Global Group has received mixed reviews.

As reported by the Jakara Globe, “While some social media users saw the news as a tentative but promising entry for Indonesian business into an industry whose roots remain firmly planted in Silicon Valley, others greeted the announcement with suspicion.”

path indonesia

pathpath fundingThe Bakrie Group is controlled by presidential candidate Aburizal Bakrie.

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