Business & Economy Startups Bukalapak confirms new funding round by Mirae Asset-Naver Asia Growth Fund

Bukalapak confirms new funding round by Mirae Asset-Naver Asia Growth Fund




- Advertisement -

With the new funding round, Bukalapak aims to continue on innovating for small businesses in Indonesia

Indonesian e-commerce and fintech startup Bukalapak today announced an undisclosed funding round by Mirae Asset-Naver Asia Growth Fund, a joint venture between Seoul-based Mirae Financial Group and Naver, the company behind LINE Messenger service.

The announcement confirmed a report by DailySocial on January 10, which stated that the company is set to reveal a new funding round that includes the participation of Naver Corp, following its ninth anniversary.

In a press statement, Jikwang Chung, Head of New Growth Investment Mirae Asset Capital, said that the company will support the growth of Bukalapak through a series of strategic collaboration.

- Advertisement -

Also Read: Bukalapak allows payment installment for customers via BukaCicilan

“We hope that this support will help accelerate our steps in creating tech innovation that will help elevate small businesses in Indonesia,” said Bukalapak President and Co-Founder Fajrin Rasyid.

Starting off as an online marketplace, the company has expanded into various fintech verticals such as gold and mutual funds trade.

Bukalapak claimed to have more than two million transaction happening daily on their platform, and the company expected this number to continue on increasing.

The company has worked with four million small businesses in Indonesia.

It has named EMTEK, Ant Financial, and GIC (Government of Singapore Investment Corporation) as its investors.

In December last year, Bukalapak’s competitor Tokopedia announced a US$1.1 billion funding round.

Like many Indonesian online marketplaces, it plans to remain focussed on local market instead of expanding internationally.

Image Credit: Bukalapak

The post Bukalapak confirms new funding round by Mirae Asset-Naver Asia Growth Fund appeared first on e27.

Source: E27Follow us on Social Media

Send in your scoops to 

- Advertisement -

‘Stop the double standards,’ says PAB rider after seeing LTA officers let off an errant rider

Singapore – “PAB (power-assisted bicycle) rider doing food delivery? You’d better just dress like you look like an Aunty because LTA (Land Transport Authority) will not issue you a ticket,” said a member of the public after witnessing the authorities let...

Leong Sze Hian faces backlash for crowdfunding, shares hate messages he received

  Singapore — Some of the wind has gone out of blogger Leong Sze Hian's crowdfunding campaign and he has been getting hate messages too. Mr Leong took only 11 days to raise the S$133,000 the High Court ordered him to pay as...

M’sian worker and sole breadwinner suffers a stroke and severe memory loss in SG; family with two young kids crowdfunds for S$100K

Singapore -- A 34-year-old Malaysian man who was working in Singapore lost his memory after collapsing from a stroke. He is the sole breadwinner for his family, and his wife and two young children are crowdfunding to pay his medical bills. In...
Follow us on Social Media

Send in your scoops to