Bukalapak’s 3Q revenue up 29 percent on year, on track for profitability by year end

Indonesia-based technology firm Bukalapak announced Friday that its revenue grew 29 percent year-over-year to IDR 1.16 trillion ($72.79 million) in the third quarter ended September 30, 2023, underpinned by marketplace segment. The group's adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) improved by 71 percent year-over-year…

Indonesia’s Bukalapak confident in turning profitable by the fourth quarter of 2023

Indonesian e-commerce company Bukalapak is more confident in delivering its long-term mission of turning profitable by the fourth quarter of 2023 after having posted six sequential quarters of adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) improvement.

Bukalapak slips into the red with $68.18M net loss in 1Q

Indonesian e-commerce company PT Bukalapak.com Tbk (Bukalapak) said last Friday it has slipped into the red by recording a net loss of 1 trillion rupiah ($68.18 million) in the first quarter, as compared to a a net profit of 14.55 trillion rupiah ($991.99 million) a year ago.

Indonesia’s Bukalapak revenue grows by 86 percent year on year in 3Q

Indonesian e-commerce company Bukalapak announced Monday that its revenue grew by 86 percent year on year to IDR 898 billion ($57.58 million) in the third quarter of 2022 (3Q22), underpinned by strong performance of its online-to-offline solution Mitra Bukalapak.

Bukalapak and Standard Chartered launch digital banking service in Indonesia

Indonesia e-commerce firm Bukalapak and global bank Standard Chartered have officially launched BukaTabungan, a digital banking service that leverages the reach of Bukalapak’s all-commerce platform and the technology of nexus, a banking-as-a-service (BaaS) solution powered by Standard Chartered.

Indonesian Bukalapak 1Q revenue surges 86 percent to $54.39M on higher Mitra Bukalapak contribution

Indonesian e-commerce firm Bukalapak said Thursday that its revenue for the first quarter of 2022 (1Q22) grew by 86 percent year on year to IDR788 billion ($54.39 million), underpinned by its Mitra Bukalapak’s growth.

Southeast Asia’s Top 10 tech news in 2021

It’s that time of the year again when we take a look back at what had happened during the year in the tech and startup scene.

Southeast Asia market opportunities uncovered

Now is a better time than ever to be investing in Indonesia's digital ecosystem and help back the next generation of entrepreneurs building disruptive businesses. In the next ten years, we'll see over half of the top 20 largest market cap businesses on the IDX being digital-first businesses.

Microsoft, Ant-backed Bukalapak share price jumps 25% on trading debut

Bukalapak is Indonesia’s fourth-largest e-commerce company after Tokopedia, Sea Ltd’s Shopee and Alibaba’s Lazada.

How well do you know Asia’s surging live streaming commerce market?

hy are businesses or individual entrepreneurs turning to live selling? Does it really help them sell more? Is it more effective than simply putting up ads that include photos or videos of the products, descriptions, and price and ordering details? Are there significant advantages that make it worth the while to go online to feature products and interact…