ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Technology

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more