Microsoft said on Tuesday that it has established contact with Bukalapak, an Indonesian startup supported by Ant Financial, and will invest in the e-commerce platform.
Microsoft said in a blog that, according to the agreement, Bukalapak will use Microsoft’s cloud platform Azure and provide digital skills training for Bukalapak employees and businessmen. This cooperation will provide cloud support services for more than 12 million micro, small and medium enterprises and 100 million customers.
The partnership will involve three key initiatives. First, it will build an elastic cloud infrastructure to support more than 6 million online merchants and 6 million offline merchants. Second, it aims to bridge the digital divide and make the digital world relevant to everyone every day. Finally, as mentioned earlier, it will provide digital skills training for Bukalapak employees and their businessmen.
Haris Izmee, President and Director of Microsoft Indonesia, said: “Through this partnership, merchants and consumers will have a more effective and reliable buying and selling experience, thereby enhancing business resilience and helping to accelerate Indonesia. The growth of the digital economy.”
A Bukalapak spokeswoman confirmed the investment, but declined to disclose the specific amount. Microsoft did not immediately respond to comment.
Bukalapak has a market value of over US$2.5 billion (approximately 18.6 billion rupees) and is also supported by Singapore’s sovereign wealth fund GIC Pte Ltd and Indonesian media group Emtek.
An earlier report by Bloomberg said that Bukalapak’s existing supporters and Microsoft are investing at a valuation of US$2.5 billion to US$3 billion (approximately Rs 22.3 billion).
According to reports, Microsoft has agreed to invest 100 million US dollars (about 7 billion rupees) in Bucara Park.
© Thomson Reuters 2020
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