Bukalapak started out to help Indonesians sell online; today it is worth over $7.5 billion after IPO

Bukalapak was founded back in 2010 to enable small and medium enterprises go online in Indonesia


Alfred Lee

8 Aug, 2021

Bukalapak started out to help Indonesians sell online; today it is worth over $7.5 billion after IPO | BEAMSTART News

- From our Sponsors -

Last week, Bukalapak, one of Indonesia's most popular e-commerce marketplaces, went public on the Indonesian Stock Exchange (IDX).

What started out as a small startup with a mission of helping Indonesians sell online has quickly evolved into a technology giant valued at over $7.5 billion.

Key Highlights

  • Founded in 2010, Bukalapak started out with the mission of allowing Indonesian small businesses to easily sell online.
  • On Friday, Bukalapak went public on the Indonesian Stock Exchange (IDX).
  • The company's shares rose by 25% minutes after the market opened (the maximum increment allowed in a day is 25% on the IDX).
  • The rise of the share price bolstered Bukalapak's valuation to $7.5 billion.

Why It Matters

  • Bukalapak is officially Indonesia's first unicorn company to be listed on the country's local stock exchange.
  • While most companies were vying to go public either in United States or in Hong Kong, Bukalapak chose their home-ground to go public.
  • Bukalapak faces strong competition from rivals Tokopedia and Shopee.

- From our Sponsors -

Latest Jobs

Solutions Engineer

Vapi

California,

Full Time

USD 125000 — USD 225000 yearly

Senior Staff Software Engineer

CozmoX AI

Karnataka,

Full Time

USD 30000 — USD 200000 yearly

Senior Backend Engineer (Go) - YC19

NALA

England,

Full Time

USD 60000 — USD 110000 yearly

Full Stack Engineer

SafeBeat

California,

Full Time

USD 100000 — USD 150000 yearly

DevOps, Infra & QA Engineer

Scispot

Full Time

USD 15000 — USD 25000 yearly

Go-To-Market Operations Lead

SnapMagic

California,

Full Time

USD 140000 — USD 160000 yearly

Customer Operations Analyst

BlueCargo

California,

Full Time

USD 70000 — USD 110000 yearly

Deputy Chief of Staff (We work 7 days a week)

Corgi

California,

Full Time

USD 96000 — USD 150000 yearly

Backend Engineer

Fern

New York,

Full Time

USD 170000 — USD 210000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).