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. But fewer people outside of Indonesia are aware of another sizable local online retail unicorn: Bukalapak. It intends to use the latest funding to increase opportunities for the latter and improve its tech platform.
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.