Podcast: Marketplace war is heating up… Does Bukalapak have what it takes?
CLICK HERE TO LISTEN
Whether the investment appetite is rising for Indonesia or e-commerce platforms, Bukalapak is caught right in the middle of it. This is good news for Bukalapak, who is said to be preparing for IPO as early as the third quarter of 2021 at a valuation between $4 and $5 billion.
While behind the leading players Shopee and Tokopedia, Bukalapak boasts 6M sellers and the latest App Annie statistics shows that they have more than 15M active monthly users. The company recently raised $234M in a funding round led by Microsoft, GIC, Emtek and Naver Corp., giving Bukalapak sufficient capital and strategic partnerships boost to be competitive.
ASEAN tech companies are drawing global investors but growth and profitability will be closely watched as competition heats up. Tune into our podcast to understand Bukalapak’s strengths and weaknesses, and decide for yourself if they have a chance to capture further market share.
For more insights and podcasts, please visit www.xpersity.co or contact support@xpersity.co
