Bukalapak
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Indonesia’s fourth unicorn, e-commerce startup Bukalapak, a popular marketplace platform for MSMEs, becomes first unicorn startup to be listed on the Indonesian Stock Exchange.
Indonesia’s fourth unicorn, e-commerce startup Bukalapak, a popular marketplace platform for MSMEs, becomes first unicorn startup to be listed on the Indonesian Stock Exchange.
Co-founder and CFO of Bukalapak
Ex-United Nations employee Muhamad Fajrin Rasyid holds a Bachelor of Engineering in Informatics Engineering from Bandung Institute of Technology. As a student, he and BukaLapak co-founder Achmad Zaky opened a noodle shop near their dorm. Previous to BukaLapak, he had worked at Indosat, the United Nations and The Boston Consulting Group. He also co-founded Suitmedia, a digital agency that develops websites for companies such as HijUp.com and MasukNegeri.com.
Ex-United Nations employee Muhamad Fajrin Rasyid holds a Bachelor of Engineering in Informatics Engineering from Bandung Institute of Technology. As a student, he and BukaLapak co-founder Achmad Zaky opened a noodle shop near their dorm. Previous to BukaLapak, he had worked at Indosat, the United Nations and The Boston Consulting Group. He also co-founded Suitmedia, a digital agency that develops websites for companies such as HijUp.com and MasukNegeri.com.
Co-founder and ex-CEO of Bukalapak
The one half of Indonesia’s startup power couple, Achmad Zaky founded Deft Technology, a mobile software and web development company; and Suitmedia, a digital agency; before founding BukaLapak. While studying at the Bandung Institute of Technology, he and BukaLapak co-founder Muhamad Fajrin Rasyid opened a noodle shop near their dorm. His wife is Diajeng Lestari, founder of online Islamic fashion mall HijUp.com. He was born in 1986 and holds a bachelor’s degree in Computer Science.
The one half of Indonesia’s startup power couple, Achmad Zaky founded Deft Technology, a mobile software and web development company; and Suitmedia, a digital agency; before founding BukaLapak. While studying at the Bandung Institute of Technology, he and BukaLapak co-founder Muhamad Fajrin Rasyid opened a noodle shop near their dorm. His wife is Diajeng Lestari, founder of online Islamic fashion mall HijUp.com. He was born in 1986 and holds a bachelor’s degree in Computer Science.
Co-founder and CTO of Bukalapak
Bandung Institute of Technology graduate Nugroho Heru Cahyono was a freelance programmer and a CTO for digital agency Suitmedia before co-founding BukaLapak. He holds a bachelor degree in Informatics.
Bandung Institute of Technology graduate Nugroho Heru Cahyono was a freelance programmer and a CTO for digital agency Suitmedia before co-founding BukaLapak. He holds a bachelor degree in Informatics.
Tokopedia is an Indonesian e-commerce marketplace, which in 2017 become the most popular site of its kind in Indonesia. Through partnerships with fintech companies, it has added new features that enable customers to buy gold and mutual funds. Besides foreign e-commerce marketplaces such as Lazada, Tokopedia’s closest rival is B2C/C2C marketplace Bukalapak, another Indonesian unicorn.
Tokopedia is an Indonesian e-commerce marketplace, which in 2017 become the most popular site of its kind in Indonesia. Through partnerships with fintech companies, it has added new features that enable customers to buy gold and mutual funds. Besides foreign e-commerce marketplaces such as Lazada, Tokopedia’s closest rival is B2C/C2C marketplace Bukalapak, another Indonesian unicorn.
Founder and CEO of HijUp
Former MARS Indonesia and GTZ researcher Diajeng Lestari holds a Social & Political Science degree from the University of Indonesia. Her husband is Achmad Zaky, the founder of Indonesian startup BukaLapak. Diajeng was born in 1986.
Former MARS Indonesia and GTZ researcher Diajeng Lestari holds a Social & Political Science degree from the University of Indonesia. Her husband is Achmad Zaky, the founder of Indonesian startup BukaLapak. Diajeng was born in 1986.
The Mirae Asset Financial Group started in 1997 with Mirae Asset Global Investment and Mirae Asset Capital. The group's business interests focus on asset and wealth management, investments, and insurance. It has also invested in a range of companies, from logistics firm Shadowfax to AmazeVR. In 2018, it established a joint venture with Naver Corporation, one of South Korea's leading tech companies, and set up the Asia Growth Fund with $940m committed to VC investing in the region. The joint venture has backed Southeast Asian ride-hailing giant Grab, Indonesian e-commerce platform Bukalapak, and Singapore-based credit scoring firm FinAccel.
The Mirae Asset Financial Group started in 1997 with Mirae Asset Global Investment and Mirae Asset Capital. The group's business interests focus on asset and wealth management, investments, and insurance. It has also invested in a range of companies, from logistics firm Shadowfax to AmazeVR. In 2018, it established a joint venture with Naver Corporation, one of South Korea's leading tech companies, and set up the Asia Growth Fund with $940m committed to VC investing in the region. The joint venture has backed Southeast Asian ride-hailing giant Grab, Indonesian e-commerce platform Bukalapak, and Singapore-based credit scoring firm FinAccel.
QRIS: Will the new QR code standard rewrite Indonesia’s e-payments scene?
Enabling interoperability, the QRIS seeks to level the playing field until now dominated by GoPay and OVO – disruption that could go beyond the e-wallets scene
A new unicorn rises as OVO's $1bn valuation confirmed
The Lippo Group subsidiary continues to grow in strength as it battles for market share with Gojek’s e-wallet and others
Chat SDK startup Qiscus raising Series A, targets greater Southeast Asian presence
With clients like Bukalapak and Halodoc, the in-app chat specialist looks to expand its market beyond Indonesia
Indonesian unicorn Traveloka aims for US listing via SPAC
The online travel aggregator reported revenue drops and layoffs in 2020 but became profitable late last year, led by recoveries in Vietnam and Thailand
Southeast Asian startups to keep riding digitalization, IPO boom, investors say
O2O business models and growing interest in ESG are also key themes, as regional startups gain $4.4bn of funding in first half of 2021
Gojek CEO resigns to join Indonesia's new cabinet; named education minister
Nadiem Makarim was confirmed as Indonesia's education and culture minister and will become "a passive shareholder" in Gojek
BJTech: Chatbots to help young entrepreneurs and SMEs run businesses online
As more businesses go online during Covid-19, BJTech is using chatbots to help them manage customer service, inventory tracking and more
Indonesian online basic food startups like Sayurbox and Wahyoo have had as much as a fivefold jump in orders and are working to sustain strong sales post-social distancing
Cashtree combines locksreen ads and rewards-based marketing to help businesses go viral
The Indonesian mobile advertising platform encourages users to share ads on social media and WhatsApp so they go viral
Crowde-funding Indonesia's fields
Agritech startup Crowde offers retail investors direct access to Indonesia’s US$25 billion agricultural sector, transforming the way traditional farmers fund, run and grow their businesses
Venturra Capital's Raditya Pramana interview (Part II): "We need to prioritize progress"
In part two of an interview, Indonesian VC Raditya Pramana discusses foreign investment in the local ecosystem, the qualities of startups that attract him and more
Bobobobo: Indonesian luxury at a click
Amid a booming local e-commerce market, this startup carves a niche for itself in upscale trending goods and experiences influenced by Indonesia’s rich traditions
Investing in Indonesia: The fintech companies driving a new influx of capital
With 66% of Indonesians not owning a bank account, fintech startups have come up with myriad innovative products to entice a new generation of retail investors
Indogen Capital eyes new growth fund of $100m as foreign tech investors stay keen on Indonesia
With its Japanese investment partner Striders, Indogen plans to boost growth-stage funding in Indonesia and open doors for portfolio companies to new markets in East Asia
After emulating Chinese business models, Indonesian startups seek success abroad
Indonesia adapted and furthered the successful business models that created unicorns in China. Now, it's exporting its own to the rest of Southeast Asia, even beyond
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