Indonesian e - commerce company Bukalapak has secured $ 50 m in additional funding . The series D round was financed by a joint vehicle consisting of Korean mutual fund Mirae Capital and Naver . Bukalapak had not made any investments before now and did not provide an updated valuation , though it was previously worth $ 1bn . Article reflected to correct that sequoia India is not an investor in Bukalapak The online retailer supposedly receives two million orders daily and has 50 million registered people in addition to its main e - commerce platform overseeing orders from clients , including four million small - to - medium enterprises . It intends to use the latest funding to increase opportunities for the latter and improve its online platform .
Indonesian e - commerce company Bukalapak has secured $ 50 m in additional funding . The series D round was financed by a joint vehicle consisting of Korean mutual fund Mirae Capital and Naver . Bukalapak had not made any investments before now and did not provide an updated valuation , though it was previously worth $ 1bn . The online retailer supposedly receives two million orders daily and has 50 million registered people in addition to its main e - commerce platform overseeing orders from clients , including four million small - to - medium enterprises . It intends to use the latest funding to increase opportunities for the latter and improve its online platform .