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

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

20210609 Buku Warung

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

SHOTARO TANI, Nikkei staff writer

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

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