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Technology

Funds double down on digitalizing Indonesia mom-and-pop shops

BukuWarung bags $60 million from Peter Thiel and SoftBank-affiliated investors

Indonesian digital bookkeeping services provider BukuWarung is receiving attention from global investors. (Photo by Yuki Kohara) 

JAKARTA -- Global investors are intensifying bets that the digitalization of Indonesia's mom-and-pop stores is the country's next big growth sector.

BukuWarung, an Indonesian startup that provides services such as digital bookkeeping and enabling digital payments for warung -- the local equivalent of mom and pop stores -- said on Thursday it has raised $60 million in Series A funding from global investors.

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