By Ardi Wirdana
Gobi’s Indonesia fund will be managed in parallel with its $10-million early-stage Philippine fund launched last week in partnership with local VC firm Core Capital.
The move is Bukalapak’s first publicly known major acquisition of another company or its assets since its last funding round in late 2017 that valued the company at over $1 billion.
Kolibra is the brainchild of Teezar Firmansyah, Tokopedia co-founder and director Leontinus Alpha Edison and Ciputra conglomerate heir Nararya Ciputra Sastrawinata.
IFC already holds a 9.98 per cent stake in PT Bank KEB Hana Indonesia, a mid-size bank with an asset base of IDR 40,654 billion ($2.7 billion).
Up to 25 billion rupiah ($1.64 million) cash waqf has been collected by several waqf managers for the new sukuk.
StanChart and Indonesian conglomerate PT Astra International jointly control PT Bank Permata tbk, each owning 44.56%.
The country is a key market for Alibaba, whose cloud computing arm Alibaba Cloud launched a data centre in Indonesia in March.
Bukalapak, which started eight years ago by selling items including bicycles and some used items on its online platform, seeks to explore a possible listing in its home market after becoming profitable.
In the latest developments from the two ride-hailing rivals in Indonesia, Grab has launched two new car-hailing services while Go-Jek has rolled out a voucher marketplace.
The round was joined by Skystar Capital and existing investors Beenext and Convergence.