Ashmore Indonesia buys 20% stake in Bukalapak's mutual fund unit for $3.5m

Ashmore Indonesia buys 20% stake in Bukalapak's mutual fund unit for $3.5m

Photo: Bukalapak

Buka Investasi Bersama (BIB) — a subsidiary of the Indonesian unicorn and online marketplace Bukalapak — has secured a Rp50 billion ($3.55 million) investment from PT Ashmore Asset Management Indonesia Tbk (AMOR) for a 20 per cent stake.

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