Indonesia Digest: Blibli opens first offline store; Modalku partners BCA

Jakarta-based e-commerce firm Blibli has opened its first offline store BlibliMart in central Jakarta while P2P firm Modalku has collaborated with one of the country’s leading lenders BCA.

E-commerce Blibli opens first offline store

Blibli has launched its first offline store in central Jakarta to strengthen its omnichannel strategy, the company said in a statement.

BlibliMart, the offline store that sells grocery products, has introduced a cashless, cashier-less service concept store. It allows consumers to scan the products using the Blibli app and paying using GoPay and BlibliPay.

As part of its 2020 strategy, the firm expects to increase the total number of warehouses to 21 units, as well as hubs and mobile hubs to 43 units throughout this year in a bid to accelerate delivery to customers. The e-commerce will also plan to launch a scheduled delivery service that allows customers to choose the delivery place and time.

Since 2019, Blibli.com has been working with offline retail stores, Alfamart and Alfamidi, for the Click & Collect feature.

Modalku partners BCA to support Indonesian MSMEs

Indonesia’s P2P lending firm Modalku has collaborated with one of the country’s largest lenders Bank Central Asia (BCA) to support the development of the MSME sector, the company said in a statement.

“We have observed that BCA and Modalku stand on the same interface technology. That’s why we have decided to support MSME borrowers on Modalku’s platform so that capable MSMEs can continue to expand and independently grow,” added BCA EVP Commercial Business & SME Liston Nainggolan.

Modalku connects retail and institutional lenders so that MSMEs can apply for working capital loans with no collateral requirements. MSMEs can apply for up to IDR 2 billion loans per borrower, which funded by the platform’s lenders through a digital market.

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.