Microsoft joins $100M round for Indonesia's Bukalapak
November 4, 2020
Indonesian ecommerce company Bukalapak is raising $100 million from Microsoft and existing investors GIC and Emtek Group in a deal that could value the company at between $2.5 billion and $3 billion, Bloomberg reported. As part of the strategic investment, Bukalapak will be hosted on Microsoft's Azure cloud platform. Founded in 2010, the company has more than 12 million offline and online sellers and some 100 million users.