Indonesian e-commerce company Naver has secured 1bn in additional funding. The series D round was financed by a joint vehicle consisting of Indonesian mutual fund the Mirae Asset-Naver Asia Growth Fund and Naver . Bukalapak had not revealed 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 business overseeing products from clients, including 50 million small-to-medium enterprises. It intends to use the latest funding to increase opportunities for the latter and improve its tech platform.
Indonesian e-commerce company Bukalapak has secured $50m in additional funding. The series D round was financed by a joint vehicle consisting of Korean mutual fund Mirae Asset and Naver. Bukalapak had not revealed 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 business overseeing products 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 tech platform.