TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Bukalapak officially becomes Indonesia’s fourth unicorn startup
Bukalapak CEO Achmad Zaky announced on Wednesday that the e-commerce platform had officially become Indonesia’s startup unicorn, as the company was now valued at over US$1 billion.
Change Size
The government has set a target of creating five unicorn startups by 2020. Bukalapak’s achievement has taken Indonesia closer to that target. (Shutterstock/File)
B
ukalapak CEO Achmad Zaky announced on Wednesday that the e-commerce platform had officially become Indonesia’s startup unicorn, as the company was now valued at over US$1 billion.
However, Achmad refused to disclose information regarding the investors.
This achievement has made Bukalapak the country's fourth unicorn startup after ride-hailing app Go-Jek, online booking platform Traveloka and e-commerce platform Tokopedia.
Read also: Indonesia's first billion-dollar startup looks to expand abroad
According to kompas.com, the government has set a target of creating five unicorn startups by 2020. Bukalapak’s achievement has taken Indonesia closer to that target.
The startup is said to be currently seeking to support more local medium-sized business (UKM) by developing its services to benefit both sellers and buyers.
Aiming to be the leader in the marketplace industry, the company is currently building a research and development (R&D) center in Bandung, West Java. Set to start operating in mid-2018, the R&D center aims to attract 200 engineers to create innovative products. (jes/kes)
