Indonesia's newest unicorn Bukalapak now wants to take on the big boys

Photo by Bukalapak

PT became a billion-dollar startup by focusing on the Indonesian farmers and small-time merchants that bigger rivals such as PT Tokopedia neglected. Now it wants to buy its way onto their turf.

Bukalapak, which earned unicorn status with funding from 500 Startups among others, has set up a mergers and acquisition team to identify startups that will help it achieve an ambition of serving 10 million people by 2025. That’s triple its current 3 million members drawn from across the archipelago, Chief Executive Officer Achmad Zaky said.

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