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Wednesday, February 26, 2014

Bakrie Into Path


After about WhatsApp, we will discuss about social network named Path. Path crowded rumored that most of the stock is owned by the Bakrie Group. Is this true?

Path spoke about the ownership of the Bakrie Group in social networking. Many think that Bakrie has a pretty big part, but in fact no more than 1%.

Bakrie is one among a number of investors participating in the Series C investment to Path, the total value reaching USD 25 million (or U.S. $ 304 billion).

In series C investment, Bakrie has only a small portion of the stock when compared to other investors like Greylock, Kleiner Perkins, Index Ventures, Insight Venture Partners, Redpoint Venture Partners and First Round Capital.

The series C investment brings total investment funds in the Path to date (since 2010) reached USD 65 million, while Bakrie Telecom became a part of stakeholders with less than 1% in the company.

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