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Startups

Indonesia unicorn Bukalapak president leaves for state-owned telecom

Co-founder Rasyid follows classmate and ex-CEO Zaky

Muhamad Fajrin Rasyid, president of Indonesian e-commerce unicorn Bukalapak, joins state-owned Telekomunikasi Indonesia. (Photo courtesy of Bukalapak)

JAKARTA -- The president and a co-founder of Indonesian e-commerce unicorn Bukalapak has joined the state-owned Telekomunikasi Indonesia, or Telkom, as its new director for digital business, both companies announced on Friday.

Muhamad Fajrin Rasyid, 33, joined Bukalapak as a co-founder in 2011, just a year after then-chief executive Achmad Zaky founded the online marketplace. Rasyid's career footprint includes the Indonesian office of the Boston Consulting Group and Telkom competitor Indosat Ooredoo.

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