Microsoft to invest in Bukalapak, an Indonesian startup backed by Ant Group
Microsoft said Tuesday that it has partnered with Indonesian startup Bukalapak, backed by Ant Group, and will invest in the e-commerce platform.
Under the agreement, Bukalapak will adopt From Microsoft cloud platform Azure and provide digital skills training for Bukalapak employees and their merchants, Microsoft said in a blog post. The partnership will result in cloud support services for more than 12 million micro, small and medium-sized businesses along with 100 million customers.
The partnership will involve three key initiatives. First, it will create a resilient cloud infrastructure to support more than six million merchants online and six million offline. Second, it aims to bridge the digital divide, making the digital world relevant to every individual on a daily basis. Lastly, as mentioned above, it will provide digital skills training for Bukalapak employees and their merchants.
Haris Izmee, CEO of Microsoft Indonesia, said: “Through this partnership, merchants and consumers will have more efficient and reliable buying and selling experiences, which in turn, builds business resilience and helps accelerate business growth. Indonesian digital economy “.
A spokeswoman for Bukalapak confirmed the investment but declined to specify the amount. Microsoft did not immediately respond to comments.
Bukalapak, valued at more than $ 2.5 billion (approximately Rs 18.6 billion), is also backed by Singaporean sovereign wealth fund GIC Pte Ltd and Indonesian media conglomerate Emtek.
A Bloomberg report It previously said that existing backers from Bukalapak and Microsoft are investing at a valuation of between $ 2.5 billion and $ 3 billion (approximately Rs 22.3 billion).
Microsoft agreed to an investment of $ 100 million (approximately Rs. 700 million rupees) in Bukalapak, the report adds.