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Indonesia's biggest bank invests in e-commerce platform Bukalapak

'Strategic investment' comes as local startup considers public listing

Bank Rakyat Indonesia -- the country's largest lender by assets -- is investing in Bukalapak, a leading Indonesian e-commerce platform. (Source photos by screenshot from Bank Rakyat Indonesia and Bukalapak websites) 

TOKYO -- Bukalapak, a leading Indonesian e-commerce platform, has received funding from Bank Rakyat Indonesia -- the country's largest lender by assets -- as the unicorn contemplates going public.

BRI Ventures, the venture capital arm of state-owned BRI, announced on Thursday that it had "made a strategic investment" into Bukalapak. The size was undisclosed, but a person with knowledge said it was a "double-digit million [dollar]" deal.

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