Bukalapak

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PT Bukalapak.com Tbk, trading as Bukalapak, is an Indonesian e-commerce company. It was founded in 2010 as an online marketplace to facilitate online commerce for small and medium enterprises (SME). Bukalapak later expanded to digitise small family-owned businesses, known in Indonesia as warungs. The company is involved in the operations of approximately 25% of Indonesian warungs through its Mitra programme. As of 2021, Bukalapak serves over 100 million users and seven million partners, and processes an average of over two million daily transactions. It is one of the largest e-commerce companies in Indonesia and is its fourth startup to become a unicorn. Its initial public offering (IPO) on the Indonesian Stock Exchange was the largest ever at the time, in 2021, when it raised up to US$1.5 billion, though it lost nearly 66% of its market value six months later.