Bukalapak Is Said to Secure Funding Over 3 Trillion Rupiah

Bukalapak is said to raise $234 million (more than IDR 3.4 trillion) in a round led by Microsoft, Singapore's GIC sovereign wealth fund and EMTEK. Quoting from a Reuters, other investors involved this round are SC Ventures, Standard Chartered's arm investment, Naver Corp.

One of Bukalapak's representatives said to DailySocial that this round was finalized last year, led by Microsoft and other ranks of investors. "We are also very grateful for the support given," he said.

From the statement, the conclusion is this $234 million is the total funds raised in the series G round that took place in the past year. There are two stages in this round, from GIC, Microsoft, and EMTEK which was announced in November 2020 worth $100 million.