What is Bukalapak?
Founded in 2010 in Karnataka, India, Bukalapak has evolved into a comprehensive platform aiming to enhance the standard of living for Indonesians through its online and offline services. It facilitates a comfortable and secure environment for buying and selling, positioning itself as a key player in Indonesia's digital economy. The company's strategic focus on both consumer and merchant enablement has been a cornerstone of its development.
How much funding has Bukalapak raised?
Bukalapak has raised a total of $384M across 3 funding rounds:
Series D
$50M
Other Financing Round
$100M
Unspecified
$234M
Series D (2019): $50M with participation from Mirae Asset-Naver Asia Growth Fund
Other Financing Round (2020): $100M led by Microsoft, GIC, and Emtek
Unspecified (2021): $234M supported by GIC, Microsoft, and Emtek
Key Investors in Bukalapak
GIC
GIC, a sovereign wealth fund established in 1981, manages Singapore's foreign reserves and invests across public and private markets to secure the nation's financial future. It is headquartered in Singapore.
Microsoft
Microsoft Corp. is a global technology company specializing in software, hardware, and cloud services, with a significant presence in operating systems, productivity tools, and enterprise solutions. Founded in 1975, it is headquartered in Redmond, WA.
Emtek
The Emtek Group, founded in 1983, is a major Indonesian media, content, and social networking conglomerate with interests in television, pay-TV, content production, and IT solutions, including significant online media ventures.
What's next for Bukalapak?
The recent major strategic investment signals Bukalapak's intent to further solidify its market leadership and potentially explore new avenues for growth. This infusion of capital is likely to be directed towards enhancing its technological infrastructure, expanding its service offerings, and deepening its reach within the Indonesian archipelago. Strategic partnerships and further platform development are anticipated as Bukalapak navigates the competitive e-commerce landscape.
See full Bukalapak company page
